Decision on Section 232 exemptions delayed until June 1

Tuesday, 01 May 2018 03:32:12 (GMT+3)   |   San Diego
       

According to news reports late Monday, Donald Trump will delay until June 1 the decision whether to impose steel and aluminum tariffs on countries currently exempted from the Section 232 tariffs.

The administration is reportedly finalizing deals with the European Union, Canada and Mexico, while reaching “agreements in principle” with Australia, Argentina and Brazil. The details of those agreements will be finalized in the next 30 days.

US Department of Commerce Secretary Wilbur Ross told Bloomberg in an interview over the weekend that the administration would extend the deadline for certain countries, but not all who have applied for waivers from the tariffs.


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