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08 Mar 2018, Radoslav Yordanov, EMIS Editor

USA to offer Mexico temporary exemptions from US steel and aluminum tariffs

The US administration plans to offer Mexico and Canada a temporary exemption from new tariffs on steel and aluminum imports, White House official announced quoted by CEEMarketWatch. The United States will give both countries a 30-day exemption, which could be extended based on progress in North American Free Trade Agreement (NAFTA) talks.

This announcement comes after US President Donald Trump proposed tariffs of 25% on steel and 10% on aluminum imports in USA.

Despite Trump’s protectionist rhetoric, CEEMarketWatch expects NAFTA negotiation to end positively before Mexican general elections on July 1.

Sign in and read the full article in emis.com Original source: CEEMarketWatch - Daily News