Trump sends 25% of steel tariffs, aluminum, raising new fears in the store | International Trade News

The President of the United States Donald Trump stunned 25 percent of the steel and aluminum imports in his last pressure to transform an international trade order, which he claims to be unjustly stacked against US manufacturers and workers.

By signing a series of executive orders to impose measures on Monday, Trump said that the US industry “a friend and enemy were equally poured.”

“Our nation requires that steel and aluminum be made in America, not in foreign countries. We need to create to protect the future of our country, “Trump said as he signed orders.

“It’s time for our big industry to return to America. We want them back to America. This is the first of the many. “

Trump said that the tariffs that floated on Sunday and that he would enter into force on March 4, to apply to all countries and that there would be no “exemption, no exceptions.”

Trump’s latest tariffs are all just safe retaliation moves of affected countries, which include some of the closest Washington allies, increasing the likelihood of New trade wars on multiple fronts.

The US imported about $ 49 billion 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 US International Trade Administration.

Canada was also the largest exporter of Alumini, and the second large suppliers, including the United Arab Emirates, South Korea and China.

Trump’s announcement has encouraged an almost immediate reaction in Canada.

“Trump wants us to lose cool. But we have to stay united, with the right answer,” Mark Carney, a leader who will replace the Canadian departure Prime Minister Justin Trudeau As a leader of the Liberal Party, he said in the post on X.

“In the short term, Canada must manage the threat of external trade with dollar dollar tariffs and support for our critical steel and aluminum workers.”

Trump hinted that this week he would also announce reciprocal tariffs on countries that are being charged to American goods without citing which countries will be affected.

They would appear on top Trump’s announcement Of the 10 percent of Tariffs on all Chinese goods, which entered into force last week, and 25 percent of tariffs on Canadian and Mexican imports, which the US president agreed to suspend until March 1 after being reached by a temporary contract for improvement of safety at the US border.

Michael Stanaitis, a trade expert at the University of Washington, DC, said the impact of Trump’s tariffs will be “very serious”.

“Unless Trump’s administration offers numerous exemptions to American steel and aluminum importers, US consumers can expect increased prices and lack of production, especially in areas such as American auto industry, which routinely use foreign inputs for domestic production,” Stanaitis told Al Jazeera .

“Assuming that US manufacturers and consumers do not want to absorb the cost of tariffs, we will witness challenging transitions in the global economy, as foreign manufacturers determine how to best allocate resources in attempting to absorb excess global steel and aluminum reduced demand. “

Trump has previously announced 25 tariffs on steel and 10 -pointed aluminum imports from most countries during its first administration in 2018.

After initiating a multitude of US allies and friendly countries, Trump later expanded tariffs to the European Union, Canada and Mexico.

In 2019, the US president reached agreements with Canada, Mexico, Australia and Argentina to exclude their export from tariffs.

Despite the insistence that there will be no exemption from Tariff on Monday, Trump said that he would “greatly consider” the exclusion of Australia from the measures after the Australian Prime Minister Anthony Albanese said earlier that there were parties in the exemption discussion.

“We have an excess with Australia, one of the few,” Trump said. “And the reason is that they buy a lot of planes.”

Stanaitis, a US university professor, said Trump’s latest tariffs would cause “a lot of anger and tension” among US trade partners.

“It will be similar to the tensions that have been derived from Trump’s threat to impose 25 percent of tariffs Canada and Mexico, but with a wider influence. While countries like Canada and Mexico have tried to calm Trump in response to the rope tariffs that were specifically applied to those countries, I would imagine that wide tariffs like these could launch a movement to the Liberalization of Trade among US trade partners, but without the US. “