Europe expects to escape US metal tariffs

Europe is expecting to be granted an exemption from punitive US tariffs on steel and aluminium later today in a move that will temporarily diffuse the mounting risk of a trade war.

Cecilia Malmström, the EU’s trade commissioner, returned from Washington overnight to tell the European Parliament that she “expects” that the US will announce an exemption later today.

The eleventh-hour reprieve for Europe and the UK comes as the US is imposes 25 per cent tariffs on steel and 10 per cent tariffs on aluminium from midnight tonight US time. The EU had threatened to impose retaliatory measures on iconic US products such as Kentucky bourbon and Harley Davidson motorbikes.

Ms Malmström told MEPs she was…

Click Here: geelong cats guernsey 2019

To continue reading this article

Start a 30-day free trial for unlimited access to Premium articles

Unlimited access to Premium articles
Subscriber-only events and experiences
Cancel any time

Free for 30 days

then only £2 per week

Try Premium

Save 25% with an annual subscription

Just £75 per year

Save now

Register for free and access one Premium article per week

Only subscribers have unlimited access to Premium articles.Register for free to continue reading this article
RegisterOr unlock all Premium articles.
Free for 30 days, then just £1 per week
Start trial
Save 40% when you pay annually.
View all subscription options |
Already have an account? Login