Donald Trump spoken to world leaders about tariff hikes on steel and aluminum

Vastavam web: U.S. President Donald Trump has spoken to world leaders about his planned tariff hikes on steel and aluminum and is not considering any exemptions to the measure, Commerce Secretary Wilbur Ross said on Sunday.“I know he’s had conversations with a number of the world leaders,” Ross said in an interview with ABC’s“This Week.”

On Thursday, Trump said the United States would apply duties of 25 percent on imported steel and 10 percent on aluminum to protect domestic producers, drawing a fire storm of criticism from trading partners and triggering a slide in stock markets.Ross played down the possible effects of the proposed tariffs on the U.S. economy. He said the total amount of tariffs the U.S. government is proposing is about $9 billion a year, a fraction of 1 percent of the economy.

The commerce secretary dismissed European Union threats of retaliatory tariffs on flagship American products including Harley Davidson motorcycles, bourbon and Levi’s jeans as trivial and a“rounding error.”