According to US Treasury Secretary Steven Mnuchin, the US is close to an understanding with resolving the steel and aluminium tariffs with Mexico and Canada.
Wall Street Journal also reported that according to Mnuchin the US negotiators are likely to travel to Beijing soon to continue the negotiations with China. The goal is to have “free and fair trade” policy with China.
According to Bloomberg, the US President Donald Trump is considering to delay the auto tariffs up to six months in order to avoid the time overlaps with the EU and Japan. The auto industry is vital for the US trade balance, while it is estimated that the half of the US trade deficit comes from automotive.