US to push steel, aluminum tariffs on EU, Canada and Mexico


    French Finance Minister Bruno Le Maire, left, welcomes US Secretary of Commerce Wilbur Ross prior to their meeting at French Economy Ministry in Paris, France, Thursday, May 31, 2018. U.S. tariffs on European steel and aluminum imports are expected after Trump administration's failure to win concessions from EU. (AP Photo/Francois Mori)

    WASHINGTON (AP) — The Trump administration announced Thursday it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada after failing to win concessions from the American allies. The decision could provoke retaliatory penalties and exacerbate trans-Atlantic and North American trade tensions.

    Commerce Secretary Wilbur Ross said the tariffs would be 25 percent on steel and 10 percent on aluminum as the administration followed through on the penalties after earlier granting exemptions to buy time for negotiations.

    French Finance Minister Bruno Le Maire, left, welcomes US Secretary of Commerce Wilbur Ross prior to their meeting at French Economy Ministry in Paris, France, Thursday, May 31, 2018. U.S. tariffs on European steel and aluminum imports are expected after Trump administration's failure to win concessions from EU. (AP Photo/Francois Mori)

    Ross told reporters that talks with Canada and Mexico over revising the North American Free Trade Agreement were "taking longer than we had hoped." Talks with Europe had "made some progress" but not enough for additional exemptions, he said in a conference call from Paris.



    "We continue to be quite willing and indeed eager to have further discussions," Ross said. He said he planned to travel to China on Friday for trade talks between the world's two biggest economies.

    French Finance Minister Bruno Le Maire, left, welcomes US Secretary of Commerce Wilbur Ross prior to their meeting at French Economy Ministry in Paris, France, Thursday, May 31, 2018. U.S. tariffs on European steel and aluminum imports are expected after Trump administration's failure to win concessions from EU. (AP Photo/Francois Mori)

    European officials had braced for the tariffs and the EU has threatened to retaliate against U.S. orange juice, peanut butter and other goods in return. In terms of the NAFTA talks, the tariffs could hinder the negotiations among the North American neighbors.

    French President Emmanuel Macron, right, and Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurria arrive at the OECD ministerial council meeting on "Refounding Multilateralism", in Paris, France, Wednesday, May 30, 2018. Macron warned against trade wars in an impassioned speech about international cooperation Wednesday, two days before the Trump administration decides whether to hit Europe with punishing new tariffs. (Philippe Wojazer/Pool Photo via AP)

    Fears of a global trade war are already weighing on investor confidence and could hinder the global economic upturn. European officials argue that tit-for-tat tariffs will hurt growth on both sides of the Atlantic.

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