Extension Granted to Canada, Mexico and EU

The White House has announced a 30-day delay extension before the U.S. tariffs on steel and aluminum imports from Canada, Mexico and the European Union take effect. The Trump Administration also has an agreement in principle with Argentina, Brazil and Australia to sidestep the tariffs. For Canada and Mexico, the decision provides more time for the NAFTA negotiations. The threat of tariffs on steel and aluminum has been countered by possible retaliation against U.S. agriculture exports.