Germany wants long-term tax exemptions on steel and aluminum

On 1 May, Germany has proposed a long-term tax exemption for steel and aluminum, after the United States decided to postpone tariff increases on imports from the European Union (EU), Canada and Mexico. in 30 days.

A spokesman for the German government stressed that the government paid attention to the decision of US President Donald Trump. However, Germany is waiting for a long-term tax exemption and wants the European Commission to continue dialogue with the United States. Earlier, the White House announced that President Trump on 30 April decided to postpone the imposition of new tariffs on aluminum and steel imports from the EU, Canada and Mexico for 30 days. In March, President Trump decided to increase the tariffs on imported aluminum and steel products by 10% and 25% respectively, sparking strong opposition from global trading partners. .