Washington (AFP) - The United States said Thursday it will impose harsh tariffs on steel and aluminum imports from the European Union, Canada, Mexico at midnight (0400 GMT Friday) -- another move sure to anger Washington's trading partners.
The announcement by Commerce Secretary Wilbur Ross was sure to cast a long shadow over a meeting of finance ministers from the world's Group of Seven top economies that opens later in the day in Canada.
Ross said talks with the EU had failed to reach a satisfactory agreement to convince Washington to continue the exemption from the tariffs imposed in March.
Meanwhile, negotiations with Canada and Mexico to revise the North American Free Trade Agreement are "taking longer than we had hoped" and there is no "precise date" for concluding them, so their exemption also will be removed, Ross told reporters.
The announcement by Commerce Secretary Wilbur Ross was sure to cast a long shadow over a meeting of finance ministers from the world's Group of Seven top economies that opens later in the day in Canada.
Ross said talks with the EU had failed to reach a satisfactory agreement to convince Washington to continue the exemption from the tariffs imposed in March.
Meanwhile, negotiations with Canada and Mexico to revise the North American Free Trade Agreement are "taking longer than we had hoped" and there is no "precise date" for concluding them, so their exemption also will be removed, Ross told reporters.