Trump’s tariff for cars, copper and aluminum can arrive severe

As president Donald Trump Definitions against More than ten countries New interests over the commercial measures that are waving on the horizon are often ignored, often ignored on specific products and goods that already exist or can come soon.

This is the so-called section 232 tariffs-which have already been announced on cars, steel and aluminum, and floats on copper and other elements-American business and trade partners who are trying to move in a constantly advanced commercial environment.

Trump said on Tuesday It will impose 50 % definitions on copper imports, and doubled what had previously been offered to the valuable commodity. He also said that he would soon announce the definitions “at a very high rate” on medications.

Trump’s advertisement sent a rise in copper prices, and the metal issued the highest profit for one day since 1989. The future copper contract for September has closed 13 %, at 5.6855 dollars per pound.

The threats were the latest sign of the president’s readiness to use the definitions of the sector to gain influence on commercial partners and try to reshape the American economy.

This announcement came a day after Trump launched severe tariff rates on imports from 14 countries through messages, all effective on August 1: Japanand South Koreaand Malaysiaand Kazakhstanand South Africaand Laosand Myanmarand Bosnia and Herzegovinaand Tunisiaand Indonesiaand Bangladeshand Serbiaand Cambodia and Thailand.

The messages aim to increase pressure on trade partners in the United States to come to the table before the deadline on August 1.

But since the negotiations of countries are still in a state of forgetfulness-and some countries are still pushing for transfers, with varying degrees of capsule from the White House-the tariff rates for the sector that are already pressing on trade partners and American consumers.

South Africa and Kazakhstan, a country of Trump considers tariff prices on Monday, both of them are senior aluminum producers, while Japan and South Korea, in the list, are both major solid producers.

“The mutual definitions are the headlines of the newspaper, but the definitions of the product will have a significant impact on the local market,” Mike Lille, a partner at the law firm Red Smith, told CNBC.

Last month, Trump announced it was Double definitions on steel Aluminum imports to 50 % for most countries, and are effective the next day.

Steel and aluminum are essential materials for durable goods such as refrigerators and cars. But they too The main components of the smaller elements Americans use every day, such as zipper and kitchen tools.

The tariff of steel and aluminum is a continuation of the Trump’s first business schedule, when it implemented a 25 % tariff on steel and 10 % tariffs on aluminum imports in 2018, causing high prices, Reuters Reports.

But they also differ from its first tariff in important ways. First, the rates are much higher – in some cases its previous levels double. Second, tariff prices are placed today at the top of other customs duties.

“The use of section 232 with other tools is to add more complexity to the natural tariff scene and increases the importance of rural negotiations in obtaining exemptions”, Iacob Koch-Weser, Assistant Director for Global Trade and Investment at BCG, books last month.

Trump was repeatedly martyred Section 232 From the 1962 commercial expansion law to justify its definitions in the sector sector. This procedure allows the president to control the unilateral tariff rates when the American national security is threatened.

Various law, Section 301It is used to impose definitions on specific products from China. Some of them were imposed during the first period of Trump, and he remained in place largely during his successor, President Joe Biden.

Another sector that was hit strongly with a specific tariff is cars and Car parts. The average of 25 % impatiently affects Japan and South Korea, two of the leading car exporters in the United States.

The White House is still considering whether car tariff exemptions will be granted to some companies, in part in response to extreme pressure by industry groups, CNBC mentioned.

the The White House in April Is it an executive order that prevents the tariffs of cars from being accumulated with other fees, such as aluminum and steel, which makes some comfort for the auto industry.

But given that supply chains are often delayed reactions to the definitions, the Trump tax on car parts may not be completely perceived for years.

To justify the imposition of an international tariff separately earlier this year, Trump protested the emergency powers that are currently challenging In the federal court. If the president loses this issue, he may decide to return to the sector’s tariff as a different way to benefit from the American economic power.

Trump has already put forward the possibility of imposing an additional tariff for the sector on agricultural products, iphoneTrucks and other elements, although no procedure has been reported so far.

Trump had previously ordered the Ministry of Commerce to establish the National Security Investigation 232 in both copper Wooden imports, with the results due in November.

But his comments on Tuesday indicate that sharp drawings can come sooner.

“Today, we are doing copper,” Trump said of the commodity that forms most electrical wires in American homes.