President Donald Trump moved ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum, but accepted to temporarily exempt Canada and Mexico. Only countries that ”treat us fairly on trade" offered relief from steel and aluminum tariffs, according to Trump, putting pressure on NAFTA partners Canada and Mexico to give ground in separate talks on the ongoing renegociation of the NAFTA agreement.
Several major trading partners of the United States have announced that they will take counteractions to the tariffs.
According to European Financial Affairs Commissioner Pierre Moscovici, European countermeasures would include European tariffs on US. oranges, tobacco and bourbon.
