Only On Week Left to Avoid Trade War Between US and EU




The EU has one week to avoid a trade fight with the US

Unless French President Emmanuel Macron and German Chancellor Angela Merkel are able to persuade President Donald Trump to change course during their visits with him this week, US tariffs on steel and aluminum imports from the EU will take effect on May 1.

After announcing the tariffs in early March, the United States gave a number of countries temporary exemptions that are now set to expire.

The European Union is seeking “unconditional, permanent exemptions,” said Cecilia Malmström, the EU’s top trade official at a press conference last week. Otherwise, there will be consequences that could reverberate around the world.

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