The Wall Street Journal: U.S. extends tariff exemptions for EU, Canada, Mexico for another month

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WASHINGTON — President Donald Trump eased trade pressure on top U.S. allies Monday, giving the European Union and some nations outside the bloc more time to negotiate deals that would exempt them from U.S. steel and aluminum tariffs.

A senior Trump administration official said tariffs of 25% on steel and 10% on aluminum — already in effect against China, Russia, Japan and others — won’t take effect for the EU on May 1 as previously planned. Instead, Europe will have an additional month to keep talking with the U.S. about a new pact to avoid the tariffs.

As expected, Canada and Mexico also were given an extension and like Europe will be exempt from the tariffs until June 1, while talks about rewriting the North American Free Trade Agreement proceed. Argentina, Australia and Brazil were given more time, the official said, while South Korea was on track for a permanent exemption.

The White House said it has agreed to deals in principle with Argentina, Brazil and Australia. The countries have agreed to quotas, but the details haven’t been finalized, the official said. “Progress had been made in the last month,” a White House official said.

An expanded version of this report appears on WSJ.com.

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