U.S. Commerce Secretary says Trump will not exempt any countries from tariff duties
- 6 years ago
U.S. President Donald Trump's announcement last Thursday that the United States would impose hefty tariffs on imported steel and aluminum to protect American producers, has stoked fears of a global trade war.
Trump appears unbowed by broad international and domestic criticism,... with his team saying he has no plans to exempt any countries from the tariff duties.
Park Soyun reports.
President Trump's announcement of sweeping tariffs on steel and aluminum imports has sparked fears of a global trade war and triggered turmoil across the American economy.
U.S. Commerce Secretary Wilbur Ross said on Sunday that Trump is not planning on exempting any countries from the tariff duties.
Ross told ABC News that President Trump has had conversations with a number of world leaders, when asked if the President would consider exempting allies, such as South Korea, Canada and Mexico.
"I know that a lot of ministers from a lot of countries have been talking with the president. They've been talking with me. They've been talking with others. We'll see. The president makes the decisions."
White House trade adviser Peter Navarro said no countries will be excluded from the tariffs, saying there's a "difference between exemptions and country exclusions."
He said there will be an exemption procedure for particular cases, but there will be no country exclusions at this point in time.
President Trump announced last Thursday that the U.S. would slap tariffs of 25 percent on steel imports and ten percent on aluminum, respectively.
Senator Lindsey Graham and a growing number of Republicans and business groups have criticized Trump's tariff plans.
The Federation of Korean Industries is also urging 565 U.S. lawmakers and officials to press the Trump administration to reconsider its new policies.
The tariffs are expected to hit South Korea hard, sharply raising prices of South Korean exports and hurting their price competitiveness against American manufacturers.
Park Soyun, Arirang News.
Trump appears unbowed by broad international and domestic criticism,... with his team saying he has no plans to exempt any countries from the tariff duties.
Park Soyun reports.
President Trump's announcement of sweeping tariffs on steel and aluminum imports has sparked fears of a global trade war and triggered turmoil across the American economy.
U.S. Commerce Secretary Wilbur Ross said on Sunday that Trump is not planning on exempting any countries from the tariff duties.
Ross told ABC News that President Trump has had conversations with a number of world leaders, when asked if the President would consider exempting allies, such as South Korea, Canada and Mexico.
"I know that a lot of ministers from a lot of countries have been talking with the president. They've been talking with me. They've been talking with others. We'll see. The president makes the decisions."
White House trade adviser Peter Navarro said no countries will be excluded from the tariffs, saying there's a "difference between exemptions and country exclusions."
He said there will be an exemption procedure for particular cases, but there will be no country exclusions at this point in time.
President Trump announced last Thursday that the U.S. would slap tariffs of 25 percent on steel imports and ten percent on aluminum, respectively.
Senator Lindsey Graham and a growing number of Republicans and business groups have criticized Trump's tariff plans.
The Federation of Korean Industries is also urging 565 U.S. lawmakers and officials to press the Trump administration to reconsider its new policies.
The tariffs are expected to hit South Korea hard, sharply raising prices of South Korean exports and hurting their price competitiveness against American manufacturers.
Park Soyun, Arirang News.