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May 4, 2018
Canadian exemption from U.S. duty on steel and aluminum extended to June 1st
Last March, citing questions of national security the Trump administration announced the imposition of a new 25% duty on steel imports and of 10% duty on aluminum imports. Canada, Mexico and a few other countries were exempted until May 1, 2018.
On April 30, 2018 American President Donald Trump issued two "Presidential Proclamations" extending the temporary exemption of new duties on steel and aluminum until June 1, 2018 for Canada, Mexico and the European Union.
The proclamations also permanently exempt Argentina, Australia, Brazil, and South Korea from the duty on steel, and permanently exempt Argentina, Australia and Brazil from the duty on aluminum. These countries have reached, or are said to in the final process of reaching, quota agreements with the U.S. to secure exemptions.
The temporary exemptions for Canada and Mexico were extended pending the outcome of the ongoing renegotiation of the North American Free Trade Agreement.
The similar exemption for European Union countries is also subject to the outcome of negotiations.
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