The introduction of fees has been postponed until 1 June, to continue negotiations
The US President Donald trump has extended the validity of the exemptions on import duties on steel and aluminum for Canada, the European Union and Mexico until 1 June.
In March, trump has introduced a 25 percent duty on steel imports and 10 percent on imports of aluminum, however, has provided temporary exceptions for Canada, Mexico, Brazil, EU, Australia and Argentina.
Validity of temporary exceptions for countries such as China, Japan and Russia was due to expire on Tuesday, however, the White house decided to take another 30 days to negotiate.
The European Commission on Tuesday criticized the interim renewal of the exception, stating that the EU is ready to discuss the issue and “will not negotiate under threat.”
“The U.S. decision extends market instability, which is already affecting business decisions, the statement of the European Commission. For the European Union should be made complete and permanent exclusion, as these measures cannot be justified on grounds of national security.”
Trump called the introduction of fees a matter of national security because of overproduction in some countries, U.S. exports becoming too expensive and not in demand on the world market.
On Monday evening the White house announced that it has reached final agreement on the export of steel from South Korea, making her the permanent exclusion on the issue of fees and reached an agreement in principle with Argentina, Australia and Brazil.
“These agreements highlight the success of the administration’s strategy trump for achieving fair arrangements with allies to protect our national security and address global challenges in the steel and aluminium industry”, – said in a statement the White house.
Treasury Secretary Steven Mnuchin and a number of other senior officials this week will travel to China for trade talks, as trump recalled in his “Twitter”.