Trump Ends Aluminum and Steel Tariff Exemptions for EU, Canada and Mexico
Exemptions from Section 232 tariffs on steel and aluminum for Canada, Mexico and the European Union will end on June 1, President Donald Trump announced in two presidential proclamations issued on May 31. No permanent agreement was reached for the countries, and the administration did not extend their temporary exemptions.
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As of 12:01 a.m. on June 1, steel from all countries except Australia, Argentina and Brazil will be subject to a 25 percent tariff, and aluminum from all countries except Australia and Argentina will face a 10 percent duty. Brazil had reached agreement on an exemption on steel but not aluminum.
The presidential proclamation on iron and steel products says imports from Argentina and Brazil will be subject to quota, in addition to already subject imports from South Korea. The proclamation on aluminum says quotas will apply to imports from Argentina. Australia is not mentioned in either of the quota provisions.