Pakistan News Service

Wednesday Jan 16, 2019, Jumada-al-awwal 9, 1440 Hijri
Pakistan News Home -> Tribune Corner -> News Details

USA not to impose Tariffs on EU

01 May, 2018

  Related News  
New Islamabad International Airport to inaugurate
Imran Khan announced his 11-point agenda to make a Naya Pakistan
  More on this View All

US President Donald Trump has decided to push back his decision on whether to impose controversial tariffs on steel and aluminum from the European Union until June 1, The Wall Street Journal reported Monday, citing a senior administration official.

The report came just hours before tariff exemptions were due to expire at midnight for the EU, Canada, Mexico and others, after which the major exporters would face punishing import duties of 25 percent on steel and 10 percent on aluminum.

The postponement would effectively leave the exemptions in place. Trump announced the tariffs on March 8, but exempted the European Union later that month.

The Trump administration has justified the tariffs — aimed primarily at Chinese overproduction — on national security grounds and told trading partners they must make concessions to win permanent exemptions.

The EU has insisted it will not negotiate without first obtaining a permanent exemption.

The US official, speaking to the Journal on condition of anonymity, also said that the Trump administration would announce later Monday it had reached a deal to exempt South Korea from the tariffs. Trump is working with South Korean President Moon Jae-in ahead of the US leader’s expected summit with North Korea’s Kim Jong Un in the coming weeks.

 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Pakistan itself a victim of state-sponsored terrorism: Qamar Bajwa
Should You Try Napping During the Workday?
Suggested Sites