White House suspends tariffs on several countries until May, floats quota option

President Trump on Thursday confirmed the suspension of Section 232 tariffs for a group of countries until May 1, while negotiations about permanent exclusions continue, and said the U.S. would consider the imposition of quotas “as appropriate.” The president, in March 22 proclamations , confirmed a period of immunity for Argentina, Australia, Brazil, Canada, Mexico, all member countries of the European Union, and South Korea. Each, the documents state, has an “important security relationship” with the U.S.; accordingly, continued discussions...