Today, the world awaits the Trump decision on tariff exemptions

Governments around the world are awaiting decisions from Washington on steel and aluminum tariffs on the eve of the end of temporary exemptions today.
According to the "German", US President Donald Trump announced in March the tariffs of 25 per cent on steel imports and 10 per cent on imports of aluminum, on the pretext that subsidized metal imports threaten national security by harming local producers.
Prior to the introduction of import taxes, Washington issued temporary customs exemptions to the EU, Australia, Argentina, Brazil, Canada, Mexico and South Korea.
The US Commerce Secretary Wilbur Ross said in press statements yesterday, that some countries that have received temporary exemptions will get extensions when the expiration of the current temporary exemptions.
Since March, South Korea has agreed to review a free trade agreement with Washington in exchange for a permanent exemption from tariffs on mineral imports.
Trump last week held meetings at the White House with French President Emmanuel Macaron and German Chancellor Angela Merkel and the issue of tariffs and other trade issues was high on the agenda.
In a related context, German Economy Minister Peter Altmayer called for a "specific offer" to the United States in the customs dispute with them.
German Chancellor Angela Merkel said in a statement to German radio that negotiations should be continued even if US President Donald Trump agreed to impose higher tariffs on imports of steel and aluminum from the European Union. "Personally, I think we have to make a specific offer on which we can continue to negotiate," he said.
Altmayer said the customs review based on WTO rules could take a long time. "So I think we have to continue to negotiate no matter what happens tomorrow," he said. Altmeyer explained that the aim of the negotiations should be to reduce customs in general, useful that Germany has a trade surplus with the United States, but this should not be a reason to limit German exports.
Altermayer said that if Trump decided to impose customs restrictions, there will be a reaction at the European level in the light of developments in the coming days and weeks.
There was a need for a clear position on the one hand, and for the other, on the other hand, the responsibility for "not reaching a customs race in which everyone would lose in the end and win no one."
Trump has temporarily ruled out imposing high tariffs on imports of steel and aluminum from the EU.
The US Chamber of Commerce in Germany has appealed to both the United States and the European Union to revise their respective tariff regimes in light of their current trade dispute.
"There is nothing to oppose the more precise examination and modification of the system," said Frank Sportollari, the new head of the chamber in Germany, in special remarks to the German daily Handelsblatt. "Some regulations that have historically grown on both sides have lost their legitimacy. Sportollari said he hoped to reach an agreement before the end of the deadline. "It would be very frustrating if US President Donald Trump does not change his mind, a trade war will only lead to losers," he said.
He confirmed his support for a trade agreement between the United States and the European Union, noting that it would be the appropriate tool to put trade between Europe and the United States on a new and solid basis.

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