The Trump administration is imposing tariffs on steel and aluminum imported from the European Union, Canada and Mexico to help protect America’s manufacturing base, Commerce Secretary Wilbur Ross said.
The decision came hours before temporary exemptions were due to elapse at 12:01 a.m. in Washington on June1. The allies have vowed retaliation against such a trade action.
Trump “has decided in the case of Canada, Mexico and the European Union not to extend the exemptions and therefore they will be placed under the 25 percent tariff on steel and the 10 percent tariff on aluminum effective at midnight tonight,” Ross ...
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