Trump suspends metal tariffs for EU, key US trade partners

Washington, Mar 23 (PTI) President Donald Trump today suspended his controversial tariffs on steel and aluminium imports for the US’ key trade partners, including the European Union.The countries temporarily exempted from the Trump administration’s new 25 per cent import tariff on steel and 10 per cent on aluminium are the EU members states, Argentina, Australia, Brazil, Canada, Mexico and South Korea, the White House said

“These suspensions are based on factors including ongoing discussions regarding measures to reduce global excess capacity in steel and aluminium production by addressing its root causes, the White House said in a late night statement.

In a proclamation, Trump said the tariffs on steel and aluminium imports from the six countries and European Union are suspended until May 1, 2018, pending discussions of satisfactory long-term alternative means to address the threatened impairment to US national security.

By May 1, the President will decide whether to continue to exempt these countries from the tariffs, based on the status of the discussions.

The European Union will negotiate on behalf of its member countries, the White House said.