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.
Some key text: