Horn
30th April 2018, 06:24 PM
With baited breath
A deadline for exemptions to U.S. steel and aluminum tariffs to expire loomed Monday, but U.S. allies and metals producers were still in the dark whether any countries would get extended relief, with Treasury Secretary Steven Mnuchin saying President Donald Trump had not yet made a decision.
Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March but granted temporary exemptions to Canada, Mexico, Brazil, the European Union, Australia and Argentina. He also granted a permanent exemption to South Korea.
The temporary exemptions will expire at 12:01 a.m. EDT Tuesday unless Trump extends them.
"The president has not made any decision yet," Mnuchin told Fox Business Network in an interview that aired on Monday. The treasury secretary was due to appear at a conference in Beverly Hills later on Monday.
Mnuchin's comments conflicted somewhat with comments by U.S. Commerce Secretary Wilbur Ross, who told Bloomberg News in an interview published on Sunday that the White House will continue to grant some countries relief from the metals tariffs. Ross did not name the countries.
https://www.msn.com/en-us/money/markets/us-allies-metals-producers-await-decision-on-tariff-exemption/ar-AAwyGTP?ocid=spartandhp
A deadline for exemptions to U.S. steel and aluminum tariffs to expire loomed Monday, but U.S. allies and metals producers were still in the dark whether any countries would get extended relief, with Treasury Secretary Steven Mnuchin saying President Donald Trump had not yet made a decision.
Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March but granted temporary exemptions to Canada, Mexico, Brazil, the European Union, Australia and Argentina. He also granted a permanent exemption to South Korea.
The temporary exemptions will expire at 12:01 a.m. EDT Tuesday unless Trump extends them.
"The president has not made any decision yet," Mnuchin told Fox Business Network in an interview that aired on Monday. The treasury secretary was due to appear at a conference in Beverly Hills later on Monday.
Mnuchin's comments conflicted somewhat with comments by U.S. Commerce Secretary Wilbur Ross, who told Bloomberg News in an interview published on Sunday that the White House will continue to grant some countries relief from the metals tariffs. Ross did not name the countries.
https://www.msn.com/en-us/money/markets/us-allies-metals-producers-await-decision-on-tariff-exemption/ar-AAwyGTP?ocid=spartandhp