Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Biden to keep tariffs on aluminum imports from UAE, reversing Trump

Published 02/01/2021, 09:03 PM
Updated 02/01/2021, 09:05 PM
© Reuters. President Biden travels to Walter Reed Medical Center from the White House in Washington

WASHINGTON (Reuters) - U.S. President Joe Biden will maintain tariffs on aluminum imports from the United Arab Emirates, reversing Donald Trump's move to end the levies on his last day as president, the White House said on Monday.

Trump said on Jan. 20 he would exempt UAE from a 10% tariff imposed on most aluminum imports in 2018, saying the two countries had reached a quota agreement that would restrict aluminum imports. The exemption was due to go into effect on Wednesday.

© Reuters. President Biden travels to Walter Reed Medical Center from the White House in Washington

"I consider it is necessary and appropriate in light of our national security interests to maintain, at this time, the tariff treatment applied to aluminum article imports from the United Arab Emirates," Biden said in a proclamation released by the White House on Monday.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.