Donald Trump's administration kept his trading on tenterhooks before tabling the decision: the EU, Canada and Mexico continue to apply exemptions to import duties on steel and aluminium — until 1 June.
US trade officials are believed to have told President Donald Trump that European car imports harm US national security. German carmakers are concerned that Trump could use the report to justify tariffs.
The United States has made true on its promise to hit the European Union with higher import tariffs on steel and aluminum. But there needs to be a distinction between bluster and true inequality says DW's Timothy Rooks.
The leaders agreed to work toward "zero tariffs" between the US and the EU, which would decisively reverse the slew of trade tariffs imposed recently. The deal involves the EU purchasing natural gas from the US.
Hours ahead of the signing of trade tariffs on steel imports, President Trump has insisted he doesn't want a trade war. Washington is set to soften the blow of its new penalties with exemptions for certain countries.
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