Trump widely expected to hit EU with steel, aluminum tariffs by Friday

Barring an unlikely last-minute deal, President Trump will follow through with his threat to impose tariffs on steel and aluminum from the European Union by Friday. The 25 percent tariffs on imported steel and a 10 percent levy on aluminum will likely be met by swift retaliatory EU tariffs on motorcycles, bourbon, peanut butter, orange juice, and other exports from America, as well as further damage already raw U.S.-European relations. In late April, Trump delayed the tariffs on the EU, Canada, and Mexico until June 1 to allow space for trade negotiations, but his envoys are frustrated that the EU isn’t offering concessions. Trump is not expected to slap the tariffs on Canada and Mexico this week.

Read More
%d bloggers like this: