US extended EU tariff exemption after 'fruitful discussions' – Commerce Secretary

The US postponed the introduction of steel and aluminum tariffs on the EU after “some potentially fruitful discussions about an overall reduction in trade tensions," Wilbur Ross, US Commerce Secretary, told CNBC. However, Ross said that Washington has no intention to grant protracted extensions, explaining that it “defeats the whole purpose.” The EU’s tariff exemption was to expire on Tuesday, but Donald Trump postponed the decision for another month. In March, the US President imposed a worldwide 25 percent tariff on steel imports and a 10 percent tariff on aluminum.