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Donald Trump says that he will impose 25% prices on all imports of steel and aluminum in the United States, threatening to trigger disorder on the raw materials markets and light the trade wars in the economy global.
Officials said the prices were a response to “foreign players” who were responsible for “export growth” from metals to the country and to “undermine American steel and aluminum producers”.
They said that prices would apply to all American imports and that no exclusion would be granted for specific products. The prices would start on March 4, according to a person familiar with the plan.
Although this decision is designed to protect national Aciélets, they will probably affect American allies – including Canada and Mexico – and could greatly increase costs for all American manufacturers who import metals.
“This is a big problem – making America rich in America,” said Trump, when he had signed the prices of the Orval oval on Monday evening.
The American president’s price announcement comes three weeks after returning to the White House and marked an escalation of his protectionist program. It follows his announcement of new samples on both trade partners closest to the United States, Mexico and Canada. These must take effect in early March.
Trump also said that he intended to impose reciprocal prices on countries with samples from American products in the coming days.
“President Trump defends American steel and aluminum workers like no other chef did,” said Peter Navarro, principal trade and manufacturing at the Trump White House.
“The tariffs of steel and aluminum 2.0 will end foreign spills, stimulate domestic production and secure our steel and aluminum industries as a skeleton and pillar of the American economic and national security industries.”
The American president imposed prices of 25% on all steel imports and 10% on aluminum imports in 2018, during his previous trade war, before negotiating sculptures for certain countries.
Joe Biden, who inherited Trump’s metal prices when he came to power in 2020, concluded agreements with the EU, the United Kingdom and Japan which allowed them to export a certain amount of their steel and aluminum to American rights.
On Monday, US officials said these agreements would in fact be canceled and that the prices would be on all steel and aluminum imports from all countries.
Officials also said Trump would eliminate the product exclusion process, calling it a “escape”.
“We have had a product exclusion process which has become completely uncontrollable in the Biden years and there have literally had hundreds of thousands of approved exclusions, and millions of metric tonnes of steel and aluminum n ‘have not been properly pricing, “said an official of the White House.
“President Trump puts an end to the product exclusion process,” added the manager.
The last directive risks triggering immediate EU reprisals, which responded to Trump prices in 2018 by imposing levies on its own products of 2.8 billion euros in American products, including Bourbon and Harley motorcycles -Davidson.
The EU lifted these prices as part of Biden’s overwhelmed agreement in 2021.
Metal prices increased in the United States on Monday before Trump’s announcement while merchants moved to secure supplies, with a closely watched contract for aluminum up around 10% and the prime for contracts Ultimately on American copper on those of London reaching their highest level since 2020.
