Mexican Media Brands
U.S. “Pauses” Tariffs on European Aluminum, Steel
President Donald Trump has decided to suspend plans to slap tariffs on aluminum and steel from the European Union pending the outcome of further discussions.
#economics #aluminum #labor
Share
President Donald Trump has decided to suspend plans to slap tariffs on aluminum and steel from the European Union, pending the outcome of further discussions.
The worldwide tariffs began today at a rate of 25% on imported steel and 10% on imported aluminum. Last week the White House said Canada and Mexico would be spared, at least until talks conclude about revising the North American Free Trade Agreement.
U.S. Trade Representative Robert Lighthizer tells a Senate committee that the provisional suspension also covers Argentina, Australia, Brazil and South Korea. He says Trump believes that some countries should be able to sidestep the taxes by meeting certain criteria.
BBC News estimates that the countries temporarily spared from the tariffs account for more than two-thirds of the $33 billion worth of steel the U.S. imported last year.
Reports last week suggested that at least some countries could avoid the new taxes by capping the value of aluminum and steel they export to the U.S. at 2017 levels.
RELATED CONTENT
-
Jeep Goes Gladiator
According to Tim Kuniskis, Head of Jeep Brand-North America, Jeep is the most-recognized vehicle on the planet, and while he is probably more than somewhat biased in this assessment, he is also probably right.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.