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Will There Be Tariff Exemptions?

President Donald Trump said Thursday he was going ahead with a meeting planned with metal industry executives and workers in the afternoon. It remained uncertain whether he would use the opportunity to roll out his proposal to impose tariffs on steel and aluminum imports.

Peter Navarro, the director of the White House’s Trade and Manufacturing Policy office said the president would “sign the proclamation” at his meeting with the steel union workers, and that the tariffs would go into effect in about 15 to 30 days. He acknowledged that the timing was still subject to change.

Also under consideration is the president’s plan to offer Canada and Mexico a temporary exemption from new tariffs, reversing his original insistence that the measures apply to U.S. allies as well as nations like China.

One version of the plan would give Canada and Mexico a 30-day exemption from the aluminum and steel tariffs. The exemptions could be extended based on progress in renegotiating the North American Free Trade Agreement.

At the onset of a Cabinet meeting at the White House, President Trump said tariff imposition would be done on a country-by-country basis. “We’re going to be very flexible,” he said.

Sources: Wall Street Journal, Washington Post
As the Lord Leads, pray with us:
  • For the president’s meeting with leaders of the steel industry and workers on tariffs and other trade actions.

  • For President Trump, Mr. Navarro and other aides as they prepare the proclamation on steel and aluminum tariffs.

  • About the flexibility of imposing tariffs on a country-by-country basis.