European Union (EU) Trade Commissioner Cecilia Malmstrom says the U.S. has offered no signal it'll prolong a waiver for the bloc from controversial metal tariffs, highlighting the persistent risk of a trans-Atlantic trade war.
Malmstrom said she's still pressing U.S. Commerce Secretary Wilbur Ross for a permanent EU exemption from the levies on foreign steel and aluminum that President Donald Trump imposed last month on national-security grounds. He granted a waiver to the 28-nation bloc until May 1 and left open the possibility of a longer exclusion.
“I think the decision will be taken by the president personally,” Malmstrom said in an interview on Wednesday in Strasbourg, France. “Secretary Ross will make a recommendation, and I hope he will recommend that we are excluded.”
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
