US delays decision on tariffs for EU, prolonging uncertainty
Source: AP/Chippera Herald Telegram
By CHRISTOPHER RUGABER and KEN THOMAS AP Writers May 1, 2018 Updated 6 min ago 0
WASHINGTON (AP) The U.S. government will take another 30 days to decide whether to impose tariffs on imports of steel and aluminum from the European Union, Canada and Mexico, extending a period of uncertainty for businesses in those regions.
The delay helps the U.S. avoid a potential trade war with allies as it prepares for tense trade talks in China this week. But the EU slammed the decision as bad for business that "prolongs market uncertainty, which is already affecting business decisions."
"As a longstanding partner and friend of the U.S., we will not negotiate under threat," the EU said in a statement Tuesday.
The Trump administration said Monday it had reached an agreement with South Korea on steel imports following discussions on a revised trade agreement. And the administration said it had also reached agreements in principle with Argentina, Australia and Brazil on steel and aluminum that will be finalized shortly.......................
Read more: http://chippewa.com/news/national/govt-and-politics/us-delays-decision-on-tariffs-for-eu-prolonging-uncertainty/article_0f3f6332-93a3-59e8-9cb0-bc09acdf7252.html#tncms-source=block-behavioral
and on it goes. It was going to be so easy trump said.
?resize=1700%2C749
Containers are stored for export at a harbor in Duisburg, Germany, Monday, April 30, 2018. (AP Photo/Martin Meissner)
Martin Meissner