Trump delays steel, aluminium tariffs for Canada, Mexico, EU

IANS  |  Washington 

US has announced he will again postpone imposing tariffs on and aluminium imports from Canada, and the EU for another 30 days, giving key allies a reprieve.

The tariffs were slated to go into effect on Tuesday if Trump had not moved to extend the deadline, the US media reported.

The administration has also reached preliminary agreements with three other countries that had initially been granted a temporary exemption -- Argentina, and -- allowing them to escape the duties as details get finalized over the next 30 days, the was cited as saying by

Trump said he would consider reimposing the tariffs if the agreements were not finalized "shortly".

"In all of these negotiations, the administration is focused on quotas that will restrain imports, prevent transshipment and protect the national security," the said in a statement.

It said it also "reached a final agreement with on imports", which were part of the administration's renegotiation of the US-free trade agreement, reported.

The decision came days after French and German personally lobbied Trump in last week not to bring the and aluminium tariffs down on the EU.

The prolonged exemptions for and came as the was working to renegotiate the North America Free Trade Agreement among the three countries.

The EU, which has been a of the tariffs, threatened $3.5 billion in retaliatory tariffs on jeans, motorcycles, cranberries and orange juice if Trump follows through with metals tariffs.

Trump's trade team is heading to this week to try to work out an agreement with China's leaders over another round of proposed tariffs.

US earlier said that the nations seeking waivers were asked to agree to impose quotas on and aluminium in exchange for getting a permanent break from tariffs.

In a statement late Monday, the called the move "positive" and that it would work with American and EU negotiators for a permanent exemption.

--IANS

soni/mr

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

First Published: Tue, May 01 2018. 14:06 IST