From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
31 May 2018
US Commerce Sec Ross: EU, Canada & Mexico to face steel and aluminum tariffs beginning at midnight
The US Commerce Secretary Wilbur Ross is appearing in a press conference to deliver the latest decision on tariffs.
- European Union, Canada, and Mexico will face steel and aluminum tariffs beginning at midnight tonight.
- There will be a 25% tariff on steel and a 10% on aluminum.
- NAFTA negotiations took too long, that's why the decision to impose tariffs on Canada and Mexico was taken.
- Although talks with the EU showed progress, it wasn't enough to continue to give exemptions.