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Delayed taxation is not enough, France demanded the U.S.A. to exempt EU steel & aluminum tariffs

Source:Iris Liang Time:2018-5-2 9:05:27

At 0:01 a.m. local time on May 1, the United States expired its decision to temporarily waive the tariff on imported steel and aluminum products against the European Union and other economies. U.S. President Trump decided, before the end of the exemption period, to postpone the collection of steel and aluminium tariffs to the European Union, Canada and Mexico, extending the date by 30 days. Subsequently, the French Foreign Minister Ledrienne and the Minister of Economy and Finance Bruno Lemel issued a joint statement that France will continue to demand that the United States unconditionally exempt the EU steel and aluminum import tariffs. Seko machinery will keep offering high performed energy-saving bright annealing machines to worldwide customers.
The Russian Satellite Network reported that the French Foreign Minister and Minister of Economy said in a joint statement, “We support the position of the European Commission. France will continue to advocate that the United States provide the EU with a comprehensive and long-term unconditional exemption of tariff policies. Unilaterally increase the import tariffs of steel and aluminum. No reason is valid."

After Trump announced the delay in making a decision on EU steel and aluminum tariff exemptions, the European Commission issued a statement saying that the U.S. decision has left the market with uncertainty, which has affected business decisions. The European Commission also emphasized that the EU should be completely and permanently exempt from these measures and that national security cannot be used as a reason. The EU also expressed its willingness to discuss market access issues that are of current interest to both parties. However, it also made it clear that it will not be negotiated with any requirements. Any future transatlantic cooperation plan must be balanced and mutually beneficial.

At the end of March, the United States imposed tariffs of 25% and 10% respectively on imports of steel and aluminum. At the same time, the White House temporarily waived these tariffs to the EU countries until May 1. The European Commission strives to permanently exempt the newly imposed import tariffs for all EU countries.

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