Australian PM Malcolm Turnbull is the smartest. He gets the exemption first.
Trump may exclude a country from trade tariffs, but with these five conditions
The European Union believes it’s on track to be exempted from imminent U.S. tariffs on foreign steel and aluminum, dialing down the risk of a trans-Atlantic trade war.
European Trade Commissioner Cecilia Malmstrom ended two days of talks in Washington with the hope of a U.S. pledge to exclude the EU from the import duties of 25 percent on steel and 10 percent on aluminum, four EU officials said Thursday on the condition of anonymity. The levies initially were set to take effect on Friday.
“Cecilia Malmstrom had a good, very fruitful visit to Washington,” commission Vice President Jyrki Katainen said in a Bloomberg Television interview on Thursday. “We have good opportunities now to solve the issue and stabilize, or calm down, the problem.”
The upbeat assessment came as the European Commission, the EU’s executive arm, briefed ambassadors from the bloc’s 28 national governments about the issue in Brussels. EU leaders are scheduled to discuss the results of Malmstrom’s visit to Washington at a gathering later Thursday in the Belgian capital.
Trump may exclude a country from trade tariffs, but with these five conditions
- Limiting steel and aluminium exports to the US to 2017 levels
- Actively addressing China’s various trade-distorting policies
- Being more assertive and cooperative with the US at the G-20 Global Steel Forum
- Cooperating with the US in launching cases against Chinese practices at the WTO
- Enhancing security cooperation with the US
The European Union believes it’s on track to be exempted from imminent U.S. tariffs on foreign steel and aluminum, dialing down the risk of a trans-Atlantic trade war.
European Trade Commissioner Cecilia Malmstrom ended two days of talks in Washington with the hope of a U.S. pledge to exclude the EU from the import duties of 25 percent on steel and 10 percent on aluminum, four EU officials said Thursday on the condition of anonymity. The levies initially were set to take effect on Friday.
“Cecilia Malmstrom had a good, very fruitful visit to Washington,” commission Vice President Jyrki Katainen said in a Bloomberg Television interview on Thursday. “We have good opportunities now to solve the issue and stabilize, or calm down, the problem.”
The upbeat assessment came as the European Commission, the EU’s executive arm, briefed ambassadors from the bloc’s 28 national governments about the issue in Brussels. EU leaders are scheduled to discuss the results of Malmstrom’s visit to Washington at a gathering later Thursday in the Belgian capital.
