U.S. to slap steel and aluminum tariffs on European Union

[demmiblue]

6. U.S. Is Set to Impose Tariffs on Steel From EU, Canada, Mexico

The Trump administration is expected to announce on Thursday that it will impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico, according to a person familiar with the matter who spoke on condition of anonymity.

The decision is coming hours before temporary exemptions were due to elapse at 12:01 a.m. in Washington on Friday. Unless last-minute deals are reached, the move would mark the Trump administration’s most aggressive trade action yet against major trading partners, which had been asking for permanent relief.

Fears of a global trade war are mounting as the Trump administration also considers tariffs on U.S. auto imports and duties on $50 billion in Chinese goods. The International Monetary Fund has warned that a wave of protectionist forces are the biggest risk to the global economic outlook.

https://www.bloomberg.com/news/articles/2018-05-31/u-s-is-poised-to-impose-tariffs-on-eu-canada-mexico-metals?utm_medium=social&cmpid=socialflow-twitter-business&utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic