Markets

Berlin braced for US steel, aluminum tariffs from June 1

Published May 30, 2018 Updated May 30, 2018 05:18pm

US President Donald Trump has granted the European Union an exemption from the tariffs until June 1.

Asked about the procedure, the ministry spokesman said:

"As far as I know it is in the night (going into) June 1," said the spokesman. "As far as I know, they (the tariffs) would automatically take effect," he said, adding talks were still going on to try to get a deal.

Copyright Reuters, 2018