The White House announced late Thursday evening that President Trump’s steel and aluminum tariffs will take effect on Friday, less than one hour away, with the exception of six countries and members of the European Union which received suspensions, providing more time to cut a deal with the U.S.
Argentina, Australia, Brazil, Canada, Mexico, South Korea, and EU member countries all received suspensions, with final determinations to be hashed out by May 1, the White House announced.
“These suspensions are based on factors including ongoing discussions regarding measures to reduce global excess capacity in steel and aluminum production by addressing its root causes,” a statement from the Office of White House press secretary Sarah Sanders said.
“By May 1, 2018, the President will decide whether to continue to exempt these countries from the tariffs, based on the status of the discussions,” the statement continues. “The European Union will negotiate on behalf of its member countries.”
Read more at the Washington Examiner.