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United States
Trump will delay the start of possible trade war with some of the US's closest allies
May 1, 2018 at 07:48
The exemptions will now last until June 1, a move that gives the US and the exempted nations more time to work out deals to help reduce trade imbalances.
President Donald Trump's administration announced Monday that it would extend exemptions to steel and aluminum tariffs for some of the US's closest allies, avoiding the start of a possible trade war.
Trump decided to postpone imposing the tariffs and extend exemptions that will allow the countries to continue exporting metals to the US without being subject to a 25% tariff on steel and 10% tariff on aluminum.
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