US Commerce Sec Ross: EU, Canada & Mexico to face steel and aluminum tariffs beginning at midnight

Eren Sengezer FXStreet

The US Commerce Secretary Wilbur Ross is appearing in a press conference to deliver the latest decision on tariffs.

European Union, Canada, and Mexico will face steel and aluminum tariffs beginning at midnight tonight.
There will be a 25% tariff on steel and a 10% on aluminum.
NAFTA negotiations took too long, that's why the decision to impose tariffs on Canada and Mexico was taken.
Although talks with the EU showed progress, it wasn't enough to continue to give exemptions.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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