The United States will impose harsh tariffs on steel and aluminum imports from the European Union, Canada and Mexico as of midnight (0400 GMT Friday), Commerce Secretary Wilbur Ross announced today.
Ross said talks with the EU failed to reach a satisfactory agreement to convince Washington to continue the exemption from the tariffs imposed in March.
Meanwhile, negotiations with Canada and Mexico to revise the North American Free Trade Agreement are "taking longer than we had hoped" and there is no "precise date" for concluding them, so their exemption also will be removed, Ross told reporters.
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