President Donald Trump postponed the introduction of import duties on steel and aluminum for the EU and a number of other countries until June 1. The deadline for the commencement of tariffs expired on 1 May but was postponed for another month, during which Washington is expecting to negotiate with its European allies.
Earlier, the European Union warned that Washington would be in for a “resolute response”, Reuters quoted a source familiar with this decision as saying.
The decision was made a few hours before the expiry of the deadline after which the duties were to take effect – 04:01 GMT on May 1 (07:01 GMT).
A senior WSJ source in the Trump administration said that 25% duties on steel and 10% on aluminum, which already apply to China, Russia, Japan and others, will not enter into force for the EU on May 1, as previously planned.
The agency said the White House has reached agreement in principle with Argentina, Australia and Brazil. The details of the deal will be finalized within the next 30 days. The administration will also continue negotiations with Canada, Mexico and the European Union within the same period.
Donald Trump announced the introduction of import tariffs in the US steel and aluminum on March 1, much to the frustration of the EU firms, Brussels promised to give a “decisive” answer. Putin’s press man Dmitry Peskov said that the Kremlin shares the concerns of European capitals.
The tariff issue was raised during the recent brief visit of German Chancellor Angela Merkel to the United States, and apparently was not entirely resolved. Merkel told a press conference following the meeting that the decision on tariffs was up to the US president.