Washington DC [United States] May 1 (ANI): The Trump administration on Monday (local time) announced that it has extended a decision on implementing steel and aluminum tariffs on the European Union (EU), Canada and Mexico.
Negotiations will continue for the next 30 days with the 28-member bloc, as well as Canada and Mexico. The White House said this would be the final period to reach a deal with the key trading partners.
The US had been seeking concessions from these countries in exchange for not permitting the tariffs to go into effect.
South Korea's exemption from tariffs is permanent because it agreed to quotas as part of a new trade deal, according to the reports.
Trump's trade team is heading to Beijing this week to try to work out an agreement with China's leaders over another round of proposed tariffs.(ANI)