| Author (Person) | Rocha, Frederico |
|---|---|
| Publisher | Cardiff EDC |
| Series Details | March 2018 |
| Publication Date | 01/03/2018 |
| Content Type | News |
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Further information: The import duties were set at 25% on steel and 10% on aluminium. Similar restrictions would also be imposed on exports from other suppliers. Donald Trump signed the executive order on 8 March but announced Canada and Mexico would be exempted from the tariffs. Both the European Union and the United Kingdom later stated would also seek exemption. Background information: The announcement followed investigations undertaken between April 2017 and January 2018 by the US Department of Commerce under Section 232 of the US Trade Expansion Act of 1962. These reports concluded that steel and aluminium imports threatened US national security and recommended the imposition of trade restrictions. While refusing to declare a trade war, the European Commission said the European Union was considering imposing tariffs - through so-called safeguard measures - as well as taking retaliatory measures against US products. A list of products was later exposed by media reports. The President of the United States announced on 1 March 2018 the imposition of additional import duties on EU exports of steel and aluminium. The European Commission warned on the following day it would impose counter-measures if such tariffs went ahead. The European Parliament later defended that the EU should not engage in trade war but stand ready to defend its citizens. |
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| Subject Categories | Trade |
| Countries / Regions | Europe, United States |
