^

Business

Trump planning tariffs against EU on steel, aluminum

Ken Thomas - Associated Press
Trump planning tariffs against EU on steel, aluminum
In this Feb. 27, 2017 file photo, President Donald Trump speaks in the Roosevelt Room of the White House in Washington. The Trump administration is planning to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union.
AP / Pablo Martinez Monsivais, File

WASHINGTON — The Trump administration is planning to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union.

That's according to two people familiar with the plans who spoke on condition of anonymity to discuss internal deliberations. The people say the administration's plans could change if the two sides are able to reach a last-minute agreement, but an announcement is expected before Friday's deadline.

President Donald Trump announced in March he would slap a 25 percent tariff on imported steel, and a 10 percent tariff on imported aluminum, citing national security interests.

But he delayed the implementation for several countries, including the European Union, giving them time to negotiate a deal.

The EU has said it will retaliate if the exemptions lapse.

vuukle comment

DONALD TRUMP

EUROPEAN UNION

Philstar
x
  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with