Trump announces a 25 % tariff on all steel and aluminum imports

President Donald Trump has ordered a 25 % import tax on all steel and aluminum, which enters the United States in a great expansion of current commercial barriers.

The definitions, which will increase the costs of importing minerals to the United States, come despite the warnings of revenge on some politicians Leaders in Canada – the largest resource in America for minerals – as well as other countries.

American -based American companies also sparked concerns, but Trump said that his plans would enhance local production.

He warned that there would be no exceptions, saying that he “simplifies” the rules, which are scheduled to enter into force on March 4.

“This is a big deal, the beginning of making America rich again,” Trump said.

He added: “Our nation requires solid and aluminum in America, and not in foreign lands.”

When asked if the definitions could increase the prices of consumers, the US president replied: “In the end it will be cheaper.”

He added: “It is time for our great industries to return to America … This is the first among many,” which indicates that other customs tariffs can focus on medications and computer chips.

The United States is the largest importer in the world for steel, as Canada, Brazil and Mexico are considered the best three suppliers.

Canada alone made up more than 50 % of imported aluminum in the United States last year. If customs duties enter into force, it is expected that it will have the most important effect on Canada.

Late Monday, Canada’s Minister of Innovation, Francois Philippe Champagne, said the definitions are “completely unjustified.”

“Canadian steel and aluminum support the main industries in the United States from defense, shipbuilding and energy to cars,” said Shambania. “This makes North America more competitive and safe.”

Before the announcement, Ontario, Prime Minister Doug Ford, whose boycott is home to most of Canada’s steel production, accused Trump of “transforming the goals of goals and ongoing chaos, which endangers our economy.”

The Canadian Steel Makers Group called on the Canadian government to take revenge on the United States “immediately”, while Cody Blauis, the pioneering deputy of the Canadian ruling liberal party, said that his country was looking for ways to limit its trade relationship with the United States.

“This is exactly more than a very strong partnership,” BBC Newshour said before the official order.

Meanwhile, the prices of the main US steel makers rose on Monday in anticipation of demand, as the price of Clevelands jumps about 20 %. Steel and aluminum prices have also jumped.

The response was in a large part of the rest of the market silent, reflecting questions about Trump’s seriousness about his plans, given his record of postponing definitions, or negotiating exemptions for the rules.

In 2018, during his first term, Trump announced 25 % definitions on steel and 15 % on aluminum, but eventually negotiated many countries including Australia, Canada and Mexico.

“This is a kind of restarting 2018,” said Douglas Irwin, a professor of economics at Dartmouth College.

“The biggest question is the uncertainty about whether this is a bargaining tactic or whether he does not want to talk to other countries and really wants to help the steel industry in this way.”

Last week, Trump has ordered 25 % import duties on all Canadian and Mexican products, only to delay this plan for 30 days. It also brought 10 % new American drawings to all Chinese goods coming to the United States, which prompted revenge on China.

The tariff is a local tax that is imposed on goods when entering a country, commensurate with the value of import.

The possibility of a higher tariff that is presented to imports to the United States was related to many world leaders because it would make companies more expensive for companies to sell goods in the world’s largest economy.

Taxes are an essential part of Trump’s economic vision. He sees them as a way to develop the American economy, protect jobs and increase tax revenues.

But there are also concerns about influence in the United States, as many manufacturers inside the United States use steel and aluminum in their products and are now facing the possibility of additional costs.

Industry groups have warned of construction to box makers of the strike.

In Trump’s first state, definitions, despite many exemptions, raised the average price of steel and aluminum in the United States by 2.4 % and 1.6 %, respectively, according to the American International Trade Committee.

Stephen Moore, who advised Trump’s campaign on economic issues in 2016 and is currently an older colleague at the Heritage Foundation, who is one of the most important thinking in Washington, said that he does not believe that the tariff on steel and aluminum was an effective way to create job opportunities, with reference to the experience of The first period.

He said that while Trump was “serious, dead” about trade, he thought the plan was “about attracting the rest of the world.”

“All Donald Trump in Washington is doing is the negotiating tactic,” he said.

Trump officials said the latest moves aimed at stopping countries like China and Russia from avoiding tariffs by directing low -cost products across other countries.

The US President said he provides new standards that require “melting, educator” and aluminum to be “son -in -law and millions” in North America.

Nick Ikovila, a coalition spokesman for the prosperous America, who represents steel makers and supports customs tariffs, said his group is more anxious than steel imports from Mexico, above the agreed levels in 2019.

But he pointed out that Canada sends more goods to the United States more than its import – a commercial deficit was a major issue for Trump.

“There are still imbalances with the Canadian commercial relationship and the United States that must be addressed,” he said.

He added: “I do not think they are planning to take a single hammer approach that suits everyone, but I think early, at least at the present time, I think what the president says … (he) each of the countries (Canada and Mexico) are offering their relationship to the United States We will do something about it.