Luoyang Kunyao Metal Material CO.,Ltd

High quality product, professional service, being the core supplier in laser industry!

Home > News > Content
Tariffs On Steel, Aluminum Set Off Scramble For Exemptions
- Mar 21, 2018 -

When USA Commerce Secretary Wilbur Ross held up a can of Campbell's soup in a CNBC interview to make the case that the Trump administration's steel and aluminum tariffs were "no big deal," the canning industry begged to disagree.

Donald Trump's strong-armed trade policies have set off an intense scramble among industry groups, companies and foreign countries seeking exemptions from tariffs of 25 percent on steel imports and 10 percent on imported aluminum. The push comes ahead of an upcoming round of new penalties expected to be slapped on China.

In a telephone discussion,  Chancellor Angela Merkel and  President Xi Jinping  emphasized close ties between the two countries, both facing planned U.S. steel and aluminum tariffs, and agreed to deepen their strategic partnership, Steffen Seibert said in a statement.