Donald Trump doubles the US steel and aluminum definitions to 50 %

US President Donald Trump has doubled a tariff on steel and aluminum imports from 25 % to 50 %.

This step raises import taxes on metal – the main inputs in everything from cars to canned foods – for the second time since March.

Trump said that the measures, which enter into force on Wednesday, aim to secure the future of the American steel industry.

However, critics say protection can cause chaos on steel producers outside the United States, provokes revenge on commercial partners, and comes at a cost of punishment for American metal users.

Hours before the high duties, many companies that were directly affected can believe that the plan was progressing, in the hope that it would be temporary or a kind of negotiating trick.

Even when Trump moves forward with the deal, The United Kingdom was awarded from the measuresLeaving duties on steel and aluminum by 25 %, and Trump said that Trump reflected its continuous discussions with the United States.

“Always the question with Mr. Trump is, is this tactic, or is this a long -term plan?” Rick Hohar, CEO of Independent Can, a Maryland -based company, said that brings steel from Europe and converted into decorative cookies, popcorn boxes and other products.

He said that he had put in wait and fear of sudden changes, and the price increases will lead to leading to its customers to alternatives such as plastic or paper boxes.

“There is a lot of chaos,” he said.

The United States is the world’s largest steel importer, after the European Union, to get most of the minerals from Canada, Brazil, Mexico and South Korea, According to the United States government.

During his first term, Trump imposed a 25 % tariff on steel and 10 % on aluminum, indicating a law that gives the authority to protect industries that are vital to national security.

But many imports eventually survived the tasks after the United States conducted commercial deals with the allies and gave exemptions for some imports at the request of companies.

Trump ended those points in March, saying he was not satisfied with the way in which the protection was placed.

At Friday’s gathering at the United States Factory, he said he wanted to make high tariffs that American companies will have an alternative other than buying from American suppliers.

“No one will wander,” he said. “This means that no one will be able to steal your industry. It is 25 % – they can exceed this fence. By 50 %, they can no longer exceed the fence.”

As of May, imports and raw solid production rates in the United States have not changed since last year before Trump raised the customs tariff, according to the American Iron and Steel Institute.

But steel imports decreased by 17 % in April, compared to March. Companies that sell minerals in the United States said they expect Trump’s recent announcement to lead to a more dramatic decrease.

Trump’s moves in March have already pushed Canada and the European Union to prepare to respond to a tariff from their American products.

On Tuesday, Olov Jill, spokesman for the Economic Security and Trade of the European Commission, told the BBC that the two sides were participating in extensive talks to try to make progress towards an agreement.

“We are seriously negotiating to try to make good deals,” he said.

“We really hope that the Americans will back away from the threat of the last tariff, as they did to others, but it still must be seen.”

In the UK, the Trump advertisement made a new pressure on the government to relationship the business deal with the United States, which was expected to provide some protection from the Marish Metals tariff.

Trade Secretary Jonathan Reynolds met with American commercial actor Jameson Jarir in Paris on Wednesday.

His office said that it was “pleasure” that the commercial talks had protected British steel from the last duties.

“We will continue to work with the United States to implement our agreement, which will witness the removal of US tariffs by 25 % on steel,” he said.

Gareth Stas, the general manager of UK Steel, who represents the BBC that its members have already seen orders that have been canceled and delayed as a result of the 25 % definitions placed in March.

He warned that a 50 % tariff would be “disastrous” for export in the United Kingdom to the United States, about 7 % of the total exports.

“The introduction of a 50 % tariff immediately puts shutters,” he said. “Most of our orders will now be canceled, if not all of them.”

Economists said that the American economy is also damaging, as prices are high as a result of new measures.

A 2020 analysis It is estimated that Trump’s first tariffs created nearly 1000 jobs in the steel industry, but the economy cost 75,000 jobs in other sectors, such as manufacturing and construction.

Erika York, Vice -President of Federal Tax Policy at the Tax Corporation, said that she expects to see more extreme job losses this time.

“Some of the strongest evidence is against definitions on intermediate inputs such as steel and aluminum, and they found it more harmful because it increases the cost of production in the United States,” she said. “It is very stupid to double this type of tariff in particular.”

Chad Bartusik, director of the Drill Rod & Tool Steels, a small family -owned manufacturer in Illinois, which brings about 800,000 Austrian -made steel every year, according to specifications that are not produced in the United States.

Mr. Bartusic said he is currently waiting for three containers of the steel rod, which would have entered the United States without duties at the beginning of the year.

As of last week, the costs of customs tariffs were expected to pay about $ 72,000. Instead, an introductory bill is seen about $ 145,000.

“I woke up on Saturday morning, looked at the news and fell jaws.”

Mr. Bartusic said that the work was fixed even a few weeks ago.

But his company raised prices earlier this year by 8 % to 14 % to help cover the new cost of definitions. Now customers were asking more careful and had to reduce workers hours.

“It is one punch after the other,” he said. “We hope this will settle quickly.”