|
|
"A comprehensive, collaborative elections resource."
|
Trump trade adviser: All countries exempted from steel tariffs will face quotas
|
|---|
| Parent(s) |
Issue
|
| Contributor | IndyGeorgia |
| Last Edited | IndyGeorgia May 01, 2018 08:52pm |
| Logged |
0
|
| Category | News |
| Author | Megan Cassella |
| News Date | Tuesday, May 1, 2018 11:00:00 PM UTC0:0 |
| Description | Every country granted an exemption from President Donald Trump's tariffs on steel and aluminum imports will face an import quota and other restrictions, White House trade adviser Peter Navarro said Tuesday.
"The guiding principle of this administration, from the president down to his team, is that any country or entity like the European Union, which is exempt from the tariffs, will have a quota and other restrictions," he said at a meeting of steel industry executives hosted by the American Iron and Steel Institute and the Steel Manufacturers Association.
Navarro added such measures "are necessary to defend the aluminum and steel industries from imports in defense of our national security."
The line earned Navarro applause from the steel executives and manufacturers, who support Trump's steps to restrict the imports under a little-used trade law known as Section 232. Just hours before, Trump had decided to grant Canada, Mexico and the European Union an additional 30 days to work out deals to avoid the penalties — a move that John Ferriola, the CEO of Nucor Corp., earlier labeled "disappointing."
But the continued focus on quotas and other restrictions is unlikely to be well-received by Canada, Mexico and the EU, which have repeatedly stated that they expect a full exemption from the duties. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
