BUSINESS/EU/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump is weighing measures to cut European Union steel and aluminum exports to the U.S. by about 10%, in a sign the bloc’s concessions to secure tariff exemptions aren’t meeting White House demands, EU officials familiar with the talks said. Washington proposed two options for Brussels: a quota fixed at 90% of U.S. imports from the EU in 2017 and a tariff-rate quota that would target the same 10% reduction via levies, Poland’s Entrepreneurship and Technology Minister Jadwiga Emilewicz said Tuesday after EU governments discussed U.S. trade relations…The EU is still trying to figure out precisely what Mr. Trump wants ahead of his June 1 deadline, when the bloc’s temporary exemptions will expire, European officials said. Quotas are one idea floated by U.S. negotiators, but their scope and details aren’t yet clear, EU officials said.”
-Emre Peker, “Trump Is Targeting 10% Cut in EU Steel, Aluminum Exports to U.S.,” The Wall Street Journal, May 22, 2018 5:45 pm