EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs
EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs Mexico, Canada and the European Union on Tuesday condemned US President Donald Trump’s decision to impose tariffs on all steel and aluminium imports next month, a move that has fanned fears of a trade war. Trump signed proclamations late on Monday raising the US tariff rate on aluminium to 25 per cent from his previous 10pc rate and eliminating country exceptions and quota deals as well as hundreds of thousands of product-specific tariff exclusions for both metals. The measures, which will take effect on March 12, will apply to millions of tons of steel and aluminium imports from Canada, Brazil, Mexico, South Korea and other countries that had been entering the US duty free under the carve-outs. Mexican Economy Minister Marcelo Ebrard said on Tuesday that the tariff decision was “not justified” and “unfair”. Canada’s Prime Minister Justin Trudeau called the tariffs “unacceptable”. European Commission President...