Breaking headlines from proclamation

  • Tariffs to be 25% on steel, 10% on aluminum and take place in 15 days
  • Canada and Mexico to be exempted for undetermined period
  • Continuation of exemption depends on NAFTA progress
  • Says US may have to raise tariffs on other countries if Canada and Mexico excluded; capacity targets must be maintained
  • No specifics on ways countries could use to avoid tariffs
  • Lighthizer to handle discussions with countries seeking exemptions

This is in-line with what leaked out an hour ago.

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