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Is Trump ready to "give in"? The United States and Mexico are reportedly about to reach an agreement on "steel tariff exemptions".
According to Bloomberg citing informed sources, the United States and Mexico are about to reach an agreement that will eliminate the 50% tariffs imposed by President Trump on a certain quantity of steel imports, revising a similar agreement between the two countries during Trump's first term.
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The steel and aluminum dispute between the US and Europe is escalating. The EU claims that negotiations are still on track but will prepare countermeasures.
The trade negotiations between the EU and the United States are making progress, but the new tariffs imposed by the United States on steel and Aluminum imports are counterproductive and hinder the momentum of the negotiations.
From 25% to 50%! Trump signed an executive order to raise tariffs on steel and aluminum, which has been strongly opposed by U.S. trading partners.
① On Wednesday local time, President Trump signed an executive order to increase the import tariffs on steel and Aluminum from 25% to 50%; ② This tariff policy will take effect at 00:01 AM Eastern Time on June 4; ③ Many of Trump's trade partners expressed strong dissatisfaction and opposition in recent days to the doubling of the steel and Aluminum tariffs to 50%.
