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Trump Will Reportedly Extend Tariff Exemptions For US Allies

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Trump Will Reportedly Extend Tariff Exemptions For US Allies
The Trump administration claims imported steel and aluminum are a risk to national security.
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The Trump administration is reportedly likely to extend steel and aluminum tariff exemptions for U.S. allies past May 1. 

The exemptions were given to U.S. allies in March to help avoid trade wars with Canada, Mexico and the European Union. 

The Trump administration claims imported steel and aluminum are a risk to national security.

CNBC reports the extensions may vary based on how much progress each country has made in trade talks with the U.S.