Reuters: U.S.

Thursday, May 31, 2018

News Alert: Trump pours kerosene on the global trade wars

 
 
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Trump pours kerosene on the global trade wars
President Trump's decision to impose tariffs on steel and aluminum from the European Union, Canada and Mexico has pushed his administration to the brink of an all-out trade war with three of the nation’s largest trading partners.

Commerce Secretary Wilbur Ross announced Thursday morning that the U.S. would be ending the temporary exemptions that had been granted to the three countries for steel and aluminum imports. With the exemptions lifted, those imports will face tariffs of 25 percent and 10 percent, respectively.
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