The White House said Monday it would postpone a decision on imposing tariffs on US imports of steel and aluminum from the European Union, Canada, and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the US prepares for tense trade talks in China this week. The Trump administration said it had reached an agreement with South Korea on steel imports following discussions on a revised trade agreement, the outlines of which were previously announced by US and South Korean officials, the AP reports. And the administration said it had also reached agreements in principle with Argentina, Australia, and Brazil on steel and aluminum that will be finalized shortly.
Facing a self-imposed deadline, President Trump was considering whether to permanently exempt the EU and Mexico, Canada, Australia, Argentina, and Brazil from tariffs that his administration imposed last month on imported steel and aluminum. The White House provided temporary exemptions in March and had until the end of Monday to decide whether to extend them. The EU and others had been asked to spell out what limits they could accept on the amount of steel they export to the United States, how they would address the issue of excess production of steel and aluminum, and how they would support the US before international bodies like the World Trade Organization. Security relationships with the US have also been part of the criteria.