The U.S. Extends the Exemption Period for Steel and Aluminum Tariffs from EU and Other Allied Countries until June 1

- May 13, 2018 -

The U.S. Extends the Exemption Period for Steel and Aluminum Tariffs from EU and Other Allied Countries until June 1


        It is reported that the White House will complete the agreement to exempt South Korea's steel and aluminum tariffs; other tariff decisions will be made later.


In addition, according to Bloomberg, the United States extended tariff negotiations with Canada, Mexico, and the European Union until June 1.


Trump's steel and aluminum tariff temporary exemption deadline will end on the morning of May 1st, local time (at noon on May 1, Beijing time).


A month ago, the United States decided to impose tariffs of 25% and 10% on imports of steel and aluminum, but the EU, Canada, Mexico, Argentina, Brazil, Australia, South Korea and other ally countries have temporary immunity. This exemption period will end on May 1.


Analysts pointed out that if Trump continues to levy taxes, this move will inevitably trigger a global trade war, and financial markets will also be affected.


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