The Trump administration is expected to hit the European Union with steep tariffs on steel and aluminum, the Wall Street Journal reported on Wednesday.
EU trade officials have spent the past couple of months trying to work out an agreement to stave off the tariffs and earn the 28-nation bloc an exemption.
But those efforts appear to have failed with the U.S. planning to slap the hefty tariffs on a key ally.
In March, President Trump announced that the United States would levy tariffs of 25 percent on imported steel and 10 percent on aluminum for national security reasons.
The White House extended until Friday the time for several nations, including the EU, Argentina and Brazil, to reach deals on their steel and aluminum imports before getting hit by the tariffs.
The deadline for the temporary exemption ends on Friday.
………
- Discussion
-
Trump to impose massive tariffs on EU after trade negotiations fail: report https://t.co/GnZgTio4jU pic.twitter.com/4wMZoQjZh4
— The Hill (@thehill) May 31, 2018
Putin could not be happier. Trump continues to blast away at the alliances that have kept America and the world safe since WWII. https://t.co/wVzowMW8WJ
— David Rothkopf (@djrothkopf) May 31, 2018
You must be logged in to reply to this topic.