shot-button
E-paper E-paper
Home > News > World News > Article > Donald Trump announces steel tariffs amid mounting global dissent

Donald Trump announces steel tariffs amid mounting global dissent

Updated on: 09 March,2018 05:11 PM IST  |  Washington
IANS |

The US President Donald Trump on Thursday formally signed proclamations to impose steep tariffs on imported steel and aluminum amid mounting dissent from business groups and trading partners around the world

Donald Trump announces steel tariffs amid mounting global dissent

Donald Trump
Donald Trump


The US President Donald Trump on Thursday formally signed proclamations to impose steep tariffs on imported steel and aluminum amid mounting dissent from business groups and trading partners around the world.

The US will impose a 25 per cent tariff on imported steel and 10 per cent on aluminum, Xinhua quoted Trump as saying.

He said this at an event at the White House, noting a strong steel and aluminum industry is "vital to our national security."

The tariffs will take effect in 15 days with initial exemptions for Canada and Mexico pending the renegotiation of the North American Free Trade Agreement (NAFTA). 

"We're going to hold off the tariff on those two countries, to see whether or not we're able to make the deal on NAFTA," Trump said.

Trump signaled that all other countries also have opportunities to be exempt from the tariffs by negotiations with the United States.

"If the same goals can be accomplished by other means, America will remain open to modifying or removing the tariffs for individual nations, as long as we can agree on a way to ensure that their products no longer threaten our security," he said.


Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates


This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK