Donald Trump to strike US steel and aluminum imports with a 25 % tariff

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Donald Trump says he will impose a 25 percent tariff on all imports of steel and aluminum in the United States, aiming to unleash disturbances in the markets of goods and ignite commercial wars throughout the global economy.

The officials said that the customs tariff was in response to “foreign players” responsible for “increasing exports” of minerals to the country and “undermining American and aluminum producers.”

They said the definitions will be applied to all American imports, and that no exceptions will be granted to certain products. Definitions will start on March 4, according to one person familiar with the plan.

Although this step is designed to protect local steel makers, it is likely to affect the United States’ allies – including Canada and Mexico – and may raise the costs of any American manufacturers who import minerals.

“This is a big problem – making America rich again,” he said, he said TrumpWhile signed the definitions from the Oval Office on Monday evening.

US President Declaration of customs tariffs He comes three weeks after his return to the White House and represents the escalation of his protective agenda. His announcement is followed by the new fees on the closest commercial partners of the United States, Mexico and Canada. It is scheduled to enter at the beginning of March.

Trump also said he intends to impose a mutual tariff on countries that had accounts of American goods in the coming days.

“President Trump stands in front of American steel and aluminum workers, like no other leader,” said Peter Navarro, the chief trade consultant and manufacturing at the White House in Trump.

“The steel and aluminum tariffs will put 2.0 ends for foreign dumping, enhance local production and secure our steel and aluminum industries as the spine and column industries for economic and national security in America.”

The US President imposed a tariff of 25 percent on all imports of steel and 10 percent on aluminum imports in 2018, during his previous commercial war, before negotiating some countries.

Joe Biden, who inherited the Trump tariff for minerals when he came to his post in 2020, deals with the European Union, the United Kingdom and Japan that allowed them to export a certain amount of steel and aluminum to the United States exempt from the fees.

On Monday, US officials said that these agreements will achieve intact, and definitions will be placed on all imports of steel and aluminum from all countries.

The officials also said that Trump will remove the process of excluding the product, describing it as a “gap.”

“We had the process of excluding the products that were completely out of control in the years of Biden, and there were literally hundreds of thousands of approved exceptions, and millions of metropolitan tons of steel and aluminum were not targeted correctly,” said A. White House official.

The official added: “President Trump ends the process of excluding the product.”

The latest guideline that leads to immediate revenge on the European Union, which responded to Trump’s definitions in 2018 by imposing its own fees at a distance of 2.8 billion euros of American goods, including motorcycles in Bourbon and Harley Davidson.

The European Union raised this customs tariff as part of the Biden Agreement in 2021.

Metal prices rose In the United States on Monday, before Trump announced with traders to secure supplies, with an aluminum observer close to aluminum by about 10 percent, and delayed future copper contracts in London that reach their highest levels since 2020.