SNAPSHOTS

U.S.: Washington Is Scrapping Tariff Exemptions for Canada, Mexico and the EU

May 31, 2018 | 20:41 GMT

(Stratfor)

For the past several weeks, the United States has been engaged in negotiations with trading partners in the hopes of persuading them to restrict their imports to America, but most of these talks have been less fruitful than what Washington had expected. So on May 31, the U.S. Commerce Department announced that, in the name of national security, it will be ending the temporary exemptions from the Section 232 tariffs on steel and aluminum that it had given to Canada, Mexico and the European Union. Starting June 1, these countries will be hit with a 25 percent tariff on steel exports and a 10 percent tariff on aluminum exports....

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