"Canada and Mexico (NAFTA), as well as the EU, have been unwilling to reach reciprocal and balanced trade agreements with the U.S. and will now be subject to the tariff."

Sundance reports at The Conservative Treehouse,

Amid ongoing trade stalemates with NAFTA and the EU, Commerce Secretary Wilbur Ross has announced the U.S. Commerce Department will no longer provide exemptions for the European Union, Canada or Mexico.

As anticipated, during a telephone briefing with reporters Secretary Ross announced at midnight tonight the 25% steel, and 10% aluminum, tariffs on imported goods will begin.

The imposition of the import tariffs will likely break the impasse on current trade negotiations with multiple countries – as they will now move to try and get their products exempted.

Australia, Brazil and South Korea (KORUS) have completed trade agreements with the U.S. and will remain exempt from any countervailing steel and aluminum duty. Japan is close to signing a similar trade agreement. However, Canada and Mexico (NAFTA), as well as the EU, have been unwilling to reach reciprocal and balanced trade agreements with the U.S. and will now be subject to the tariff.

The U.S. Chamber of Commerce representing Wall Street multinational interests will likely go bananas. Those DC politicians who are fully purchased by the U.S. CoC lobbyists will likely attack the administration….. all predictable.

Read more here.