Trump to impose 25 per cent tariffs on steel and aluminium imports

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Donald Trump said 25% tariffs on Monday will cut on all steel and aluminum imports, expanding its commercial conflicts in the field of metal defense in the field of Washington.

The US President made the statement during the briefing with the journalists, as the Super Bowl was flying from his digestive property in Florida to New Orleans.

In addition to the events on steel and aluminum products, Trump said that later new reciprocal tariffs will be addressed to imports from the wide range of countries. charge On US exports.

The promised tariffs on steel and aluminum come when Trump began his second term with aggressive commercial policy. Last week he came to install 25 percent tariffs for import US Neighbors Canada and Mexicoonly to offer them a 30-day return.

But Trump put forward at 10% tariffs for Chinese imports, which have made revenge, which entered into force on Sunday in Washington.

New treasures offered by Trump and Aluminum can be called global financial markets again, which have slipped in recent weeks, as the US President threatened with additional tariffs to America’s trade partners.

Although the import of metal imports are generally leading by some major US major unions and some internal steel and aluminum manufacturers, they risk increasing investment costs. In 2023, the United States imported $ 50.5 billion, and aluminum $ 27.4 billion, and exports $ 22.8 billion and $ 14.3 billion.

The move comes when Trump promised to block Nippon Steel:The country is addressing US steel, the decision to do the same.

But Trump said that he would work on allowing large investments, despite non-majoritarian stocks, the Japanese competitor’s manufacturer in Pennsylvania claimed that tariffs would help. “Tariffs are going to make [US Steel] Very lucky. And I think it has good governance, “Trump said.

If Trump follows metal tariffs and a wide range of additional charges, they will lead to fear that his economic policy can use fresh growth in the US economy and its inflation.

Trump did not say how he intended to apply mutual tariffs, which he promised to announce in the coming days.

“It’s very clear if they charge us, we charge them,” he said.

His comments can rush by urgency commercial partners to avoid immediate tariffs in the coming days. After the Japanese Prime Minister last week Shigeru isbaTrump has threatened to impose tariffs on the Asian people if the deficit of bilateral trade with the United States will not be eliminated.

Additional Report by Sam Student in New York