The United States plans to postpone imposing import tariffs on metals for some countries.
The administration of US President Donald Trump may extend import tariffs on steel and aluminum beyond May 1 for some countries, namely Canada and Mexico, as reported by CNBC television channel citing a source familiar with the situation.
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"The extension milestone could differ for each country depending on progress in negotiations on this and other trade issues," the source said.
As for South Korea, the tariffs will be eliminated on a permanent basis as the country agreed to quotas as part of the new trade deal, the TV channel reported.
In late March, the United States imposed import tariffs on steel and aluminum, at rates of 25% and 10%, respectively.