US President Donald Trump has decided to “suspend” the steel surcharge for some countries that are in negotiations with Washington. Brazil, Argentina, Australia, Europe, plus Canada and Mexico, are on this list, according to US Trade Representative, Robert Lighthizer.
He appeared before the Senate Finance Committee on Thursday and was questioned by Democratic Senator Ron Wyden of Oregon about countries that were cut off from fees.
Trump plans to impose a 25% duty on imported steel and 10% on aluminum from abroad. The sanctions aim to hit China, which floods the market with these cheap products.
Incidentally, within today, the Trump administration intends to announce sanctions on China.
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