Trade talks ramp up in race to avoid Trump's April 2 tariffs

Business and Finance Business and Finance

Tue, March 25, 2025

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Mon, March 24, 2025

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Trade talks ramp up in race to avoid Trump's April 2 tariffs

^{Published on 2025-03-24 12:20:50 - Bloomberg}

Countries in the crosshairs of US tariffs are rushing to offer concessions and other defensive responses to White House demands in the final full week before President Donald Trump stages trade "Liberation Day.

The article from MSN discusses the intensifying trade negotiations between the U.S. and its trading partners, particularly focusing on the looming deadline of April 2, 2023, when former President Donald Trump's proposed tariffs on steel and aluminum are set to take effect. These tariffs, which were initially announced in 2018, aim to protect domestic industries but have sparked concerns about potential trade wars and economic retaliation from countries like the EU, Canada, and Mexico. The Biden administration is actively engaging in talks to either modify these tariffs or find alternative solutions to mitigate their impact. Key points include discussions on exemptions, quotas, and addressing overcapacity in global steel markets. The urgency of these negotiations is driven by the desire to avoid economic disruption and maintain stable international trade relations, with various stakeholders pushing for a resolution before the deadline.

Read the Full Bloomberg Article at:
[ https://www.msn.com/en-us/politics/government/trade-talks-ramp-up-in-race-to-avoid-trump-s-april-2-tariffs/ar-AA1ByqWC ]

N@N

Trade talks ramp up in race to avoid Trump's April 2 tariffs