BREAKING NEWS: Trump grants key allies extra month of relief from steel tariffs

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2018-05-01 00:33:27

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President Donald Trump is expected to extend by one month a temporary exemption from steel and aluminum tariffs for Canada, Mexico and the European Union, a source familiar with the plans said.

The move allows key U.S. allies to take until June 1 to reach some sort of deal with the Trump administration to avoid duties of 25 percent on steel and 10 percent on aluminum exports sent to the United States. The tariffs had been set to take effect at midnight tonight if Trump had not moved to extend the deadline.

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