Reaction of European stakeholders to extention of US trade tariffs exemption

Author (Person)
Publisher
Series Details May 2018
Publication Date 01/05/2018
Content Type

Further information:

The European Union's three largest economies agreed on 29 April 2018 on the need to be 'ready to react' to trade tariffs imposed by the United States, as the exemption deadline was reached. These tariffs had been announced in March by the US President Donald Trump on national security grounds, under the argument that cheap imports were undermining home-based producers crucial to military preparedness.

A temporary reprieve was then given to those countries which are the main suppliers to the US market. However, Mr Trump decided to postpone the deadline on 30 April, granting a further 30 days to the European Union, Mexico and Canada to encourage further negotiations. The new deadline was set for 1 June.

Related Links
European Commission: Press Release, 01.05.18: Commission statement following US announcement of an extension until 1 June of the EU's exemption from US tariffs on steel and aluminium imports http://europa.eu/rapid/press-release_IP-18-3641_en.htm
EurActiv, 30.04.18: France, Germany, Britain say EU ‘must be ready to react’ to US trade tariffs https://www.euractiv.com/section/economy-jobs/news/france-germany-britain-say-eu-must-be-ready-to-react-to-us-trade-tariffs/
The Guardian, 30.04.18: EU says it is ready to wage trade war with US https://www.theguardian.com/business/2018/apr/30/eu-us-trade-war-donald-trump-tariffs
BBC News, 30.04.18: Trade tariffs: Deadline looms on US exemption for EU http://www.bbc.co.uk/news/world-europe-43948179
EurActiv, 01.05.18: US holds off on EU, Canada, Mexico metal tariffs for 30 days https://www.euractiv.com/section/economy-jobs/news/us-holds-off-on-eu-canada-mexico-metal-tariffs-for-30-days/
Vox, 30.04.18: Trump delays tariffs (and potential trade war) against US allies https://www.vox.com/2018/4/30/17305350/trump-tariffs-steel-aluminum-trade-deadline-extended
Politico, 01.05.18: Trump grants EU extra month of relief from steel tariffs https://www.politico.eu/article/donald-trump-grants-key-allies-extra-month-of-relief-from-steel-aluminum-tariffs/

Subject Categories
Countries / Regions ,