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Trump will delay the start of possible trade war with some of the US's closest allies

Tuesday - 01/05/2018 07:48
The exemptions will now last until June 1, a move that gives the US and the exempted nations more time to work out deals to help reduce trade imbalances.
Pool/Getty Images
Pool/Getty Images

President Donald Trump's administration announced Monday that it would extend exemptions to steel and aluminum tariffs for some of the US's closest allies, avoiding the start of a possible trade war. 

Trump decided to postpone imposing the tariffs and extend exemptions that will allow the countries to continue exporting metals to the US without being subject to a 25% tariff on steel and 10% tariff on aluminum. 

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