ADVERTISEMENT

ADVERTISEMENT

Trump plans to roll back some tariffs on metal and aluminium goods, FT reports

The administration is now reviewing the list of products affected by the levies and plans to exempt some items.

U.S. President Donald Trump walks as he arrives from travel to West Point, New York, on the South Lawn at the White House in Washington, U.S., December 12, 2020. / REUTERS/Cheriss May

 U.S. President Donald Trump is planning to scale back some tariffs on steel and aluminium goods, the Financial Times reported on Feb. 13, citing people familiar with the matter.

Trump hit steel and aluminium imports with tariffs of up to 50 percent last year including the country rate on the non-steel and non-aluminum content.

ALSO READ: U.S. expects tariff follow-through: White House

The administration is now reviewing the list of products affected by the levies and plans to exempt some items, halt the expansion of the lists and instead launch more targeted national security probes into specific goods, the report added. 

Reuters could not immediately verify the report.

Discover more stories on NewIndiaAbroad

Comments

Related