US Steel, Aluminum Tariffs Exempt Canada, Mexico

US Steel, Aluminum Tariffs Exempt Canada, Mexico
U.S. President Donald Trump holds up a proclamation during a White House ceremony to establish tariffs on imports of steel and aluminum at the White House in Washington on March 8, 2018. Reuters/Leah Millis
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U.S. President Donald Trump’s tariffs on steel and aluminum imports will start in 15 days with initial exemptions for Canada and Mexico and the possibility of alternatives for other countries, a senior U.S. administration official said on Thursday.

The tariffs of 25 percent on steel and 10 percent on aluminum, proclaimed by Trump on Thursday during an event at the White House, appear to soften what the U.S. president billed last week as a global, “no-exceptions” move to protect the two industries under a 1962 national security trade law.