EU doubts if offer can prevent Trump tariffs or steel caps

May 22, 2018

European Union proposals to open its markets wider to U.S. products, including cars, appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminum, the bloc’s trade chief said on Tuesday.

U.S. President Donald Trump had granted EU producers an exemption from tariffs of 25 percent on steel and 10 percent on aluminum, pending the outcome of talks. The exemption ends June 1.

EU leaders last week agreed on four areas the bloc was willing to discuss, including easier access for industrial products, but only if the exemption is made permanent.

EU Trade Commissioner Cecilia Malmstrom spoke with U.S. Commerce Secretary Wilbur Ross after the proposals were made public, but said Washington did not seem satisfied...

This was excerpted from the 22 May 2018 edition of Reuters Canada.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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