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Wednesday, May 23, 2018

Trump Is Targeting 10% Cut in EU Steel, Aluminum Exports to U.S.

Latest News : Trump Is Targeting 10% Cut in EU Steel, Aluminum Exports to U.S.

President Donald Trump is weighing trade measures to cut European Union steel and aluminum exports to the U.S. by about 10%, in a sign the bloc’s concessions to secure tariff exemptions aren’t meeting White House demands, EU officials familiar with the talks said.

Washington proposed two options for Brussels: a quota fixed at 90% of U.S. imports from the EU in 2017 and a tariff-rate quota that would target the same 10% reduction via levies, they said.

Impact : Medium
Sentiment : Good for Dollar , Bad for EURO

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