US is set to impose tariffs on steel from EU, Canada, Mexico

The US is expected to announce tariffs on steel and aluminium imports from the EU, Canada and Mexico Thursday, say insider sources.

Photo: Bloomberg

The Trump administration is expected to announce on Thursday that it will impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico, according to a person familiar with the matter who spoke on condition of anonymity.

The decision is coming hours before temporary exemptions were due to elapse at 12:01 am in Washington on Friday. Unless last-minute deals are reached, the move would mark the Trump administration’s most aggressive trade action yet against major trading partners, which had been asking for permanent relief.

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