Hindustan Times ST (Jaipur)

US excludes EU, 6 others from steel import duties

- Reuters feedback@livemint.com

President Donald Trumphaste­mporarilye­xcluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminium meant to come into effect on Friday.

In a presidenti­al proclamati­on published late on Thursday, Trump said he would suspend tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, the US’s biggest trading partner, until May 1, 2018 as discussion­s continue.

After May 1, Trump would decide whether to permanentl­y exempt the countries based on the status of talks, the White House said in a statement.

The United States was set to begin imposing the higher import duties of 25% on steel and 10% on aluminium, mainly aimed at curbing imports from China, as of 12.01 am EST on Friday.

“I have determined that the necessary and appropriat­e means to address the threat to the national security posed by imports from steel articles from these countries is to continue these discussion­s and to exempt steel articles imports from these countries from the tariff, at least at this time,” according to Trump’s proclamati­on released by the White House.

It said countries not on the list could discuss with Washington ways to address US national security concerns caused by imports of steel from that country.

Earlier, German Chancellor Angela Merkel warned that the EU would respond firmly if the United States did not exempt European steel and aluminum.

The European Commission had proposed that if US tariffs were applied the bloc would challenge them at the World Trade Organisati­on (WTO).

WASHINGTON:US

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