The United States is in talks with the European Union, Argentina and Australia on granting possible exemptions to steel and aluminum tariffs, Trade Representative Robert Lighthizer told the House Ways and Means Committee in a hearing on Wednesday.
Finance ministers and central bankers from the leading economies failed to reach a new agreement on trade, amid a deepening split between the U.S. and other major nations on Washington’s plans to impose tariffs on steel and aluminum.
The world's financial leaders are likely to reaffirm on Tuesday their commitment to fight protectionism and recognize the need for "further dialogue and actions" on trade, just days before U.S. steel and aluminum tariffs are to enter into force.
The U.S. Commerce Department said it will begin accepting requests on Monday for product exclusions from President Donald Trump's new steel and aluminum import tariffs, but it could take up to 90 days for the agency to make determinations.
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Companies in this category sell aluminum and aluminum products. In addition to mining bauxite ore, one of the most common sources of aluminum, some of these companies also produce gold and silver as well.