Tags: EU | Europe | US | Tariffs

As Deadline Looms, EU Awaits News of US Tariff Exemption

As Deadline Looms, EU Awaits News of US Tariff Exemption

Monday, 30 April 2018 08:38 AM

BRUSSELS (AP) — The European Union is still waiting to hear whether its 28 member nations will be exempt from new U.S. steel and aluminum tariffs just hours before the measures could enter force.

Last month, U.S. President Donald Trump slapped tariffs of 25 percent on steel imports and 10 percent on imported aluminum, but granted the EU a temporary exemption until May 1.

EU Trade Commissioner Cecilia Malmstrom and U.S. Secretary of Commerce Wilbur Ross are due to discuss the issue later Monday.

The EU has drawn up a list of "rebalancing" duties worth some 2.8 billion euros ($3.4 billion) to slap on U.S. products if it is not permanently excluded.

Commission spokesman Margaritis Schinas said "we are patient, but we are also prepared."

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
The European Union is still waiting to hear whether its 28 member nations will be exempt from new U.S. steel and aluminum tariffs just hours before the measures could enter force.Last month, U.S. President Donald Trump slapped tariffs of 25 percent on steel imports and 10...
EU,Europe,US,Tariffs
124
2018-38-30
Monday, 30 April 2018 08:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved