UTV | COLOMBO – The Trump administration has extended negotiations on steel and aluminium tariffs for 30 days with Canada, the EU and Mexico.
It has also reached an agreement in principle with Argentina, Brazil and Australia.
In March, US President Donald Trump imposed worldwide tariffs of 25% on US imports of steel and 10% on aluminium.
Some countries were then exempted temporarily from those tariffs, including Canada, the EU and Mexico.
China was not included in the exemptions and it later retaliated with its own duties on some US imports.
Mr Trump responded by calling for further US tariffs against China, escalating trade tensions between the two giants.
South Korea was given an indefinite exemption in return for a 30% cut in its steel exports to the US.
“In all of these negotiations, the Administration is focused on quotas that will restrain imports, prevent transshipment, and protect the national security,” a statement from the White House said.
The statement said the details of the agreements with Argentina, Brazil and Australia would be “finalized shortly”.
