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Trump announces steel tariffs amid mounting global dissent

IANS  |  Washington 

The US on Thursday formally signed proclamations to impose steep tariffs on and aluminum amid mounting dissent from groups and trading partners around the world.

The US will impose a 25 per cent on and 10 per cent on aluminum, quoted as saying.

He said this at an event at the White House, noting a strong and aluminum industry is "vital to our national security."

The tariffs will take effect in 15 days with initial exemptions for and pending the renegotiation of the North American Free Trade Agreement (NAFTA).

"We're going to hold off the on those two countries, to see whether or not we're able to make the deal on NAFTA," said.

Trump signaled that all other countries also have opportunities to be exempt from the tariffs by negotiations with the

"If the same goals can be accomplished by other means, will remain open to modifying or removing the tariffs for individual nations, as long as we can agree on a way to ensure that their products no longer threaten our security," he said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 04:40 IST