The White House demands that the countries of the European Union and Canada agree to the conditions of Washington in exchange for a temporary exemption from tariffs for steel and aluminum, which will begin to operate from May 1 this year, reports Bloomberg.. According to the US trade minister Wilbur Ross, the United States is asking the EU to accept either tariffs or quotas. In fact, the Old World has to either cede the United States, or face the "penalty" tariffs. In fact, the trade war means a loss for all parties, said Belgian Finance Minister Johan Van Overtweldt.

He stressed that it is necessary to keep cool, and at the same time try to avoid it at any cost. A source in the European Union told the agency that the demand of the White House to reduce the export of steel and aluminum to 90% of the level of the previous two years in the Old World is considered absolutely impossible to fulfill. In late March, the United States announced that duties on imports of steel rose to 25%, and aluminum - to 10%. For a number of countries, the action of new sanctions has been suspended until May 1.