British and European steel makers are bracing for a fresh crisis in the industry unless the US backs down from its protectionist stance and extends an exemption on import tariffs. The US granted temporary relief to European producers from 25pc tariffs on steel and 10pc levies on aluminium as Donald Trump, the US president, introduced the measure in a move widely seen as targeting imports from China. However, the exemption runs out on Tuesday. Wilbur Ross, the US commerce Secretary, said over the weekend that administration planned to extend the relief to some countries, but not all, and refused to …read more
Source:: Yahoo Finance
