A top trade adviser to President Donald Trump has said there would be no exemptions from US tariffs on steel and aluminium imports as the EU prepared retaliatory measures and officials warned of the risk of a transatlantic trade war.
Peter Navarro, who heads the US Office of Trade and Manufacturing Policy, said that while there could be exceptions for specific business uses, there would be no carve-out for individual countries, dealing a blow to allies such as Canada, the UK and South Korea.
“As soon as you start exempting countries you have to raise the tariffs on everybody else . . . and so it’s a slippery slope,” Mr Navarro told CNN yesterday.
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