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Trump Trade War - No immediate clarity – EU Trade Chief

Steel News - Published on Tue, 13 Mar 2018

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Xinhua reported that there is no immediate clarity on the exact US procedure for the exemption from steel and aluminum tariffs, and discussions will continue next week, EU's Trade Commissioner Cecilia Malmstrom tweeted after a trilateral meeting with her US and Japanese counterparts in Brussels. She tweeted that "As a close security and trade partner of the US, the EU must be excluded from the announced measures. No immediate clarity on the exact US procedure for exemption however, so discussions will continue next week.”

She added that "EU, Japan, US agreed on further steps in our ongoing cooperation to tackle trade distorting practices in sectors such as steel. Stronger rules on industrial subsidies, etc.”

She added that "I had a frank discussion with the US side about the serious pending issue of steel and aluminium tariffs.”

The trilateral talks between Malmstrom and Japanese Minister for Economy, Trade and Industry Hiroshige Seko and US Trade Representative Robert Lighthizer was followed by a bilateral meeting between Malmstrom and Lighthizer.

The ministers agreed to meet again in the margins of the OECD ministerial meeting in Paris to discuss overcapacity issues.

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Posted By : Rabi Wangkhem on Tue, 13 Mar 2018
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