Covid-19: Trump approves 90-day delay of tariffs for most-favoured nations

President Donald Trump has signed off on a plan to defer U.S. tariffs on goods from countries with most-favored nation status for three months, to help ease the economic fallout of the coronavirus, a source familiar with the decision said Tuesday.

The plan would not apply to tariffs on Chinese and European goods subject to Section 301 tariffs or to steel and aluminum subject to Section 232 tariffs.

The source said it remained unclear when Trump would sign an executive order deferring the levies. Once signed, it would give the U.S. Treasury Department the authority to direct Customs and Border Protection to