The United States will temporarily exempt the European Union, as well as Argentina, Australia, Brazil, Canada, Mexico and South Korea from a 25-percent tariff on steel and a 10-percent tariff on aluminum imports, US Trade Representative Robert Lighthizer said Thursday, APA reports quoting Sputnik.
"There are countries with whom we're negotiating and the question becomes the obvious one that you think, as a matter of business, how does this work? So what he has decided to do is to pause the imposition of the tariffs with respect to those countries," Lighthizer said, as quoted by the CNBC broadcaster.
According to South Korean Trade Minister Kim Hyun-chong, the exemption is effective until late April.
The countries which received a relief account for more than half of US total steel imports last year.
Earlier in March, US President Donald Trump leveraged national security concerns to issue an order that imposes 25 percent tariffs on steel imports and 10 percent duties on aluminum imports. The measures will become effective on Friday.