Trump delays decision on steel, aluminium tariffs

IANS  |  Washington 

The administration in the US has extended negotiations on and aluminium tariffs for 30 days with Canada, the EU and

In March, US imposed worldwide tariffs of 25 per cent on US imports of and 10 per cent on aluminium.

Some countries were then exempted temporarily from those tariffs, including Canada, the EU and

was not included in the exemptions and it later retaliated with its own duties on some US imports.

Trump responded by calling for further US tariffs against China, escalating trade tensions between the two giants.

was given an indefinite exemption in return for a 30 per cent cut in its exports to the US.

"In all of these negotiations, the Administration is focused on quotas that will restrain imports, prevent trans-shipment, and protect the national security," a statement from the said.

The statement said the details of the agreements with Argentina, and would be "finalized shortly".

and had previously been given exemptions until 1 May while talks took place over Nafta (the North America Free Trade Agreement), as had Argentina, Australia, and the EU.

Those talks are due to resume next week.

Canadian said on Monday his government had been in regular contact with the on Canada's temporary exemption to metals tariffs.

is the biggest importer of into the US.

The EU meanwhile had said it expected a "permanent and unconditional" exemption to replace the temporary measure that was set to run out on 1 May.

It said it would launch a series of countermeasures if that failed.

Meanwhile, the UK's International Trade Secretary, Liam Fox, had said placing tariffs on UK exports would be "illogical" because some products sold to the US were destined for the

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 01 2018. 07:50 IST