Trump officially imposes tariffs of 25% on steel and 10% on aluminum.

US President Donald Trump has formally signed on Thursday the imposition of tariffs on steel imports of 25% and 10% on those of aluminum, of which Mexico and Canada are exempt for the time being.

These tariffs will formally enter into force within 15 days, added the source, who pointed out that the US government is open to discuss “country by country” to negotiate eventual exemptions.

During the morning of this Thursday, Trump had promised that the tariffs would be “very fair”, and that the plan foresees “flexibility” with those countries that have shown to be “true friends” of Washington.

Mexico and Canada would be exempted from these tariffs although the benefit would only be permanent if the talks for the renegotiation of the North American Free Trade Agreement move towards an understanding. “If we reach an agreement, the most likely thing is that we will not tax those two countries with tariffs,” Trump explained.

Mexicans, Canadians and Americans completed their seventh round of talks this week to renegotiate the trade agreement, any of them have yet reported substantial progress.

Leave a Reply

Your email address will not be published. Required fields are marked *