Trump will delay steel tariffs for EU, six countries

The White House formally announced late Thursday that six countries and members of the European Union (EU) would be temporarily exempt from President Trump‘s tariffs on steel and aluminum imports.

Trump authorized an exemption for Argentina, Australia, Brazil, Canada, Mexico, South Korea and all 28 EU member countries while the U.S. negotiates long-term plans with foreign leaders from each country and the European body.

Trump will decide by May 1 whether to extend each exemption depending on the status of those talks.

The exemption applies to the top four exporters of steel to the United States – Canada, Brazil, South Korea and Mexico – which collectively account for about 50 percent of the steel imported into the U.S.