- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Washington Has No Intension Of Protracted Tariff Exemptions - US Commerce Chief

© AP Photo / Mark DuncanAn employee looks on from behind coils of steel as acting Secretary of Labor Seth Harris speaks to workers after a tour of ArcelorMittal Steel's hot dip galvanizing line in Cuyahoga Heights, Ohio (File)
An employee looks on from behind coils of steel as acting Secretary of Labor Seth Harris speaks to workers after a tour of ArcelorMittal Steel's hot dip galvanizing line in Cuyahoga Heights, Ohio (File) - Sputnik International
Subscribe
International
India
On Monday, The Wall Street Journal newspaper reported, citing a high-ranking official at the US State Department, that Trump had decided to postpone for another month the steel and aluminum tariffs' entry into force for the European Union and some other US allies.

US Commerce Secretary Wilbur Ross told the CNBC broadcaster that Washington has no intention to extend protracted tariff exemption. He added that tariff exemptions to the European Union were extended because of fruitful discussions to reduce trade tensions between Europe and the US.

"I don't think we have any intention to grant protracted extensions, that defeats the whole purpose," the secretary pointed out.

READ MORE: Austrian Chancellor: 'Long-Term Decision' Required to Settle US Tariffs Issue

Finished galvanized steel coils await roll of the hot dip galvanizing line at ArcelorMittal Steel in Cuyahoga Heights, Ohio Friday, Feb. 15, 2013 - Sputnik International
Trump Extends Metal Tariff Talks With EU, Canada, Mexico for 30 Days
Earlier in the day, the EU stated that the bloc should be permanently exempted from the new US tariffs. The European Commission also warned that Washington's decision prolongs market uncertainty, "which is already affecting business decisions." Germany echoed the EU stance, expressing hope that the EU would provide a long-term exemption for the bloc.

In late March, the United States imposed 25-percent and 10-percent tariffs on imported steel and aluminum, respectively. According to Trump, the tariffs will be in place for a long time. The European Union and six other US allies — Argentina, Australia, Brazil, Canada, Mexico and South Korea — have been granted temporary exemptions from tariffs, which are now set to expire on June 1.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала