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US President Donald Trump slapped by 25 percent on all imports of steel and aluminum in his last batch to reshape an international commercial order claiming to be unfairly stacked against American manufacturers and American workers.
The signing of a series of executive orders to impose definitions on Monday, Trump said that the United States industry was “exposed” to both the friend and enemy alike.
“Our nation requires solid and aluminum in America, not in foreign lands. Trump said, as he signs orders:” We need to be created in order to protect the future of our country. “
It is time for our great industries to return to America. We want them to return to America. This is the first among many. “
Trump said that the customs tariff, which was floating on Sunday, would be applied to all countries “there are no exemptions and exceptions.”
“This is a big deal,” Trump said. “This is the beginning of making America rich again.”
The latest Trump tariff, which is scheduled to enter into force on March 4, is certainly stimulating the reprisal moves of the affected countries, which include some of the closest Washington allies, which raises the possibility of the new commercial war war on multiple fronts.
The United States imported about $ 49 billion of steel and aluminum in 2024, according to government data.
Canada was the largest steel supplier, followed by Mexico, Brazil, South Korea, Germany and Japan, according to the American International Trade Department.
Canada was also the largest source of aluminum, with other major suppliers including the United Arab Emirates, South Korea and China.
Trump’s advertisement sparked an immediate violent reaction in Canada.
“Trump wants us to lose our calm. Mark Carney, the advanced marina, said to replace the outgoing Canadian Prime Minister Justin Trudeau as the leader of the liberal party, in a post on X.
“In the short term, Canada needs to manage foreign trade threats with dollar definitions against the dollar and support steel and aluminum workers.”
Trump indicated that this week will also announce a mutual tariff for countries that impose fees on American goods, without specifying the countries that will be affected.
They will be issued at the top of Trump’s announcement of a 10 percent tariff for all Chinese goods, which came into effect last week, and 25 percent of the customs tariff for Canadian and Mexican imports, which the US President agreed to comment until March 1 after his arrival in a temporary deal To improve security on the American border.
Michael Stantis, a commercial expert at the American University in Washington, DC, said the effect of Trump’s tariff would be “very dangerous.”
“Unless the Trump administration offers many exemptions for US steel and aluminum importers, American consumers can expect price reduction and production, especially in areas such as the American auto industry, which routinely use foreign inputs for local production,” Stanites told the island of the island.
Assuming that American producers and consumers do not want to absorb the cost of definitions, we will witness a difficult transition in the global economy as foreign producers determine the best ways to customize resources in an attempt to accommodate the global excessive offer of steel and aluminum by lower American demand. ”
Trump previously announced 25 aluminum steel and meter tariffs, by 10 percent of most countries during his first administration in 2018.
After initially exempted a group of American allies and friendly countries, Trump later that year extended the definitions to the European Union, Canada and Mexico.
In 2019, the US President reached agreements with Canada, Mexico, Australia and Argentina to exempt their exports from definitions.
Although insisting that there will be no exemptions from the definitions on Monday, Trump said it would give “great consideration” to exclude Australia from measures after Australian Prime Minister Anthony Albaniz said earlier that the aspects were in a discussion about the exemption.
“We have a surplus with Australia, one of the few,” Trump said. “The reason is that they buy a lot of aircraft.”
Stantis, a professor of the American University, said that the latest Trump tariff would cause “a lot of anxiety and tension” among the trading partners in the United States.
“It will be similar to the tensions that arose from Trump’s threat to impose a 25 percent tariff on Canada and Mexico, but with a wider effect. While countries like Canada and Mexico have tried to satisfy Trump in response to the narrower definitions applied specifically to those countries, I imagine that A wide tariff like this can push a movement towards trade liberation among American commercial partners, but without the United States.
