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U.S. to announce new steel deal with South Korea when temporary exemptions end on May 1

2018-05-01 7 Dailymotion

The temporary exemptions the U.S. granted, on its new steel and aluminum import tariffs ends on Tuesday.<br />And it seems only South Korea has reached a deal for a full exemption.<br /> Seoul's trade ministry confirmed on Monday Washington is expected to announce the details of the exemption, which comes in exchange for limiting imports of Korean steel by 30-percent.<br />However, it's unclear when that quota will come into force, as Washington is still negotiating with the EU and other countries like Canada and Mexico.<br />The limits will only come into force once quotas agreements are agreed with all target nations. <br />

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