This article is more than
6 year old
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.
Read More (...)
Keywords
Newer articles
In case you missed it
Huge blow for Trump in hush money case
Huge blow for TikTok in US court
Drones are buzzing around US military bases, even forcing one to close its airspace. They reflect a growing problem.
How rich musicians billed American taxpayers for luxury hotels, shopping sprees, and million-dollar bonuses
Elon Musk net worth more than Bezos and Zuckerberg combined
FRESH HOPE: Huge update announced in search for MH370
Trump meeting with TikTok CEO at Mar-a-Lago as company asks Supreme Court to intervene in fight over federal ban
Igor Kirillov: Russia's chemical weapons chief and mouthpiece killed in Moscow
Supreme Court to Consider TikTok Ban