LINE

    Text:AAAPrint
    Economy

    U.S. plans to impose tariffs on steel, aluminum imports from EU: local media

    1
    2018-05-31 08:48:58Xinhua Editor : Gu Liping ECNS App Download

    The Trump administration is planning to impose punitive tariffs on steel and aluminum imports from the European Union (EU), local media reported on Wednesday.

    The administration is expected to make an announcement as early as Thursday, according to the Wall Street Journal, citing people familiar with the matter.

    The move is almost certain to draw a response from the EU, which has threatened to retaliate with its own tariffs on such American products as motorcycles, jeans and bourbon, the report said.

    U.S. President Donald Trump announced in March to impose 25-percent tariff on imported steel and 10 percent on aluminum, while delaying implementation for some trading partners to offer concessions to avoid the tariffs.

    The Trump administration is using a decades-old law, the so-called Section 232 of the Trade Expansion Act from 1962, to impose tariffs on the ground of national security, which has drawn strong opposition from the domestic business community and U.S. trading partners.

    The White House said in late April that the steel and aluminum tariff exemptions for EU member countries would be extended until June 1 in order to give "a final 30 days" for them to reach agreements over trade negotiations.

    EU Trade Commissioner Cecilia Malmstr?m has demanded that all EU member countries should be permanently exempt from the steel and aluminum tariffs as a condition for any future trade talks.

    But U.S. Commerce Secretary Wilbur Ross said Wednesday that the EU should continue to negotiate with the U.S. if tariffs on steel and aluminum imports from the EU are imposed this week.

    The Trump administration last week also initiated a national security investigation into automobile imports, which could lead to more tariffs on imported European cars.

    Analysts said new tariffs on European steel, aluminum and autos are likely to further increase trade frictions between the United States and the trading bloc.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 开封市| 淄博市| 淅川县| 北票市| 朝阳市| 乐陵市| 信阳市| 上栗县| 平乐县| 平山县| 山东| 高青县| 兴海县| 乌鲁木齐县| 三台县| 大理市| 遂溪县| 荔波县| 惠来县| 张家港市| 虞城县| 溧阳市| 都兰县| 三穗县| 滨海县| 嘉兴市| 尖扎县| 遂昌县| 桓仁| 铅山县| 白水县| 株洲县| 广西| 洮南市| 临桂县| 宝鸡市| 包头市| 鄂托克前旗| 绩溪县| 石城县| 龙岩市|