U.S. exempts allies from steel and aluminum tariffs

U.S. exempts allies from steel and aluminum tariffs

The United States trade representative, Robert Lighthizer, said on Thursday that several American allies would initially be exempt from the steel and aluminum tariffs that are to take effect shortly, 

Speaking at a meeting of the Senate Finance Committee, Mr. Lighthizer said that the European Union, along with Argentina, Australia, Brazil and South Korea, would be exempted. Canada and Mexico were earlier left off the list of countries subject to the tariffs.

“The idea that the president has is that, based on a certain set of criteria, some countries should be out,” Mr. Lighthizer said. “What he has decided to do is pause the implementation of the tariffs in respect to those countries.”

His remarks will provide relief for the exempted countries, which have been lobbying hard in recent weeks to win a reprieve from the blanket tariffs, which Donald Trump’s administration had justified on national security grounds and which had been due to come into effect on Friday.


Vestnik Kavkaza

in Tumblr