US hits EU, Canada and Mexico with steel, aluminium tariffs

Friday, 1 June 2018 00:00 - - {{hitsCtrl.values.hits}}

Washington (Reuters): The United States yesterday said it was moving ahead with tariffs on aluminium and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of America’s top allies. US Commerce Secretary Wilbur Ross told reporters on a telephone briefing that a 25% tariff on steel imports and a 10% tariff on aluminium imports from the EU, Canada and Mexico would go into effect at midnight (0400 GMT, 1 June).

“We look forward to continued negotiations, both with Canada and Mexico on the one hand, and with the European Commission on the other hand, because there are other issues that we also need to get resolved,” he said.

Ross offered little detail about what the EU, Canada and Mexico could do to have the tariffs lifted.