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The US Commerce Secretary Wilbur Ross is appearing in a press conference to deliver the latest decision on tariffs.

  • European Union, Canada, and  Mexico will face steel and aluminum tariffs beginning at midnight tonight.
  • There will be a 25% tariff on steel and a 10% on aluminum.
  • NAFTA negotiations took too long, that’s why the decision to impose tariffs on Canada and Mexico was taken.
  • Although talks with the EU showed progress, it wasn’t enough to continue to give exemptions.