Trump signals delay on steel import tariffs

U.S. President Donald Trump said a possible crackdown on imported steel for national security reasons is still in the works but will take more time.

Trump told the Wall Street Journal in an interview on Tuesday that “we don’t want to do it at this moment” and said the Commerce Department’s plans to produce a report by the end of June were hampered by the complexity of the issue.

“You can’t just walk in and say I’m doing to do this,” Trump said. “You have to do statutory studies … It doesn’t go that quickly.”

The president didn’t say when a decision would be made on how to proceed.

Trump recently told reporters that he may slap both tariffs and quotas on countries he thinks are endangering the nation’s security as part of his campaign promise to better protect domestic steel producers.

Source: The Hill