Trump trade adviser: All countries exempted from steel tariffs will face quotas

[riversedge]

To me, quotas are like little tariffs--they still will be restricted from exporting to US.


Trump trade adviser: All countries exempted from steel tariffs will face quotas

https://www.politico.com/story/2018/05/01/trade-steel-quotas-tariffs-navarro-trump-513565

By MEGAN CASSELLA

05/01/2018 06:02 PM EDT


Every country granted an exemption from President Donald Trump's tariffs on steel and aluminum imports will face an import quota and other restrictions, White House trade adviser Peter Navarro said Tuesday.
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For Canada, Mexico and the EU, Navarro's emphasis that any country escaping the tariffs would face quotas and other restrictions — a line he repeated twice and that he said was the reason he allowed media access — signals the administration’s intention to telegraph its hardball approach.

But Canada and Mexico, which each send more than half their steel production each year into the United States, have repeatedly said that they expect a full exemption from the duties and will not pay a tariff or agree to a quota.

Ferriola said it's possible that Canada and Mexico could make adequate changes via the updated NAFTA agreement, which is currently being negotiated, in a manner that would "serve the same purpose" as the tariffs.

For the EU, however, no such negotiations are underway, and it remains unclear what can be worked out in the next 30 days. The 28 nations that make up the bloc serve as the largest single supplier of steel to the U.S., sending $6.2 billion across the Atlantic last year.


The European Commission has already criticized Trump for simply delaying the duties, rather than canceling them outright.

"The U.S. decision prolongs market uncertainty, which is already affecting business decisions," the Commission said in a statement.

The White House on Tuesday defended the president's decision to provide more time, saying the negotiations had been extended because "we've seen some progress."

"I'm not going to get ahead of what that may look like, but we have 30 days to continue in those negotiations, and hopeful that we can get something that works for everybody," White House press secretary Sarah Huckabee Sanders said at a briefing.

[Blue_Adept]

1. fucking incompetent morons