EU and six other countries exempted from US metals tariffs
Source: BBC
A senior US official has said that the European Union (EU) and six other countries will be exempt from steel and aluminium tariffs announced by President Trump, at least temporarily.
Trade Representative Robert Lighthizer told a Senate panel that Mr Trump had decided to "pause" the import duties while further discussions took place.
The tariffs of 25% on steel and 10% on aluminium are due to come into effect on Friday.
...
Aside from the EU Mr Lighthizer said Argentina, Australia, Brazil, Canada, Mexico and South Korea would be exempted.
Read more: http://www.bbc.co.uk/news/business-43505804
I think part of their reasoning was to get other countries saying "please be nice to us", and to hope it's something they can say "we let you off those tariffs, so do something for us in return" in future talks. More or less a protection racket.
getagrip_already
(14,082 posts)Trade wars are easy to win, if you are on the other side against trump.
Fred Sanders
(23,946 posts)Is this even a tariff anymore?? Too funny...now we know what we also knew then...it is all for show and distraction and appearing tough.
More awesome nothingness.
Squinch
(50,672 posts)China must have made fun of him at the correspondents dinner.
BumRushDaShow
(126,625 posts)This is literally a child using adult "tools" to bully.
awesomerwb1
(4,255 posts)5. Russia 8.1 percent
6. Turkey 5.6 percent
7. Japan 4.9 percent
9. Taiwan 3.2 percent
10. China 2.9 percent
11. India 2.4%
Figures above according to Reuters. Out of the Top 11 steel exporters to the US. (Top 4 left out were exempted).
DonCoquixote
(13,615 posts)To be a buffer against China, and by buffer I mean "two people we hopewill cripple and each other while your Comrade Rasputin becomes the new Stalin."
old guy
(3,281 posts)in effect, the whole thing is a meaningless exercise to fulfill a stupid campaign promise. Ok now I got it.