Trump confirms temporary exemptions for the EU and six allies

US president Donald Trump signed a proclamation late on Thursday confirming the temporary tariff exemptions for every single major trading partner of the US except for China, first reported here.

The tariff exemptions will now go into effect, and will last until May 1st, at which point they will expire, and then the US will decide whether or not to make the exemptions permanent. Temporary exemptions are unlikely to provide much relief, and steel prices are already rising for US producers.