It has been a tight week in the trade war, with business owners and investors trying to respond after imposing 25 % tariffs on all steel and aluminum imported in the country on Wednesday.
Here’s how it came out: Hours before imposing the latest prices, Trump overturned the risk of doubling steel and aluminum rates from Canada, which is the largest source of imports for metals. Instead, from there, steel and aluminum will be subject to 25 % levy.
Who impressed? Tariffs on Steel and Aluminum for the first time in Trump’s second term that tariffs have been implemented to all countries.
Prior to Wednesday, Trump only implemented prices imposed on China, Mexico and Canada in this term. In the case of Mexico and Canada, if they comply with the USMCA, businesses can avoid paying revenue during April 2.
What has the countries respond? The European Union retaliated only after hours, announcing that it would impose duty on US goods worth 26 billion euros ($ 28 billion) in response to “blasphemy” taxes. He said the retaliatory measures were “sharp and proportional” A statement.
Shortly before his implementation, Australian Prime Minister Anthony Albaniz criticized the prices as “fully blasphemous” and “friendship against the sentiment of our two countries”, but said that Canberra would not impose any mutual imposition.
China is the only country whose aluminum and steel will be targeted at more than 25 % rates. The reason for this is that a 20 % tariff on the board of the board on Chinese imports was already in effect on Wednesday, and the top 25 % of steel and aluminum tariffs will be competed, which will increase the total tariff rate on steel and aluminum to 45 %.
