Trump tariffs on cars, copper, aluminum can hit hard

As President Donald Trumps Tariffs against More than one country Fresh concerns about the country’s special trade measures are the sparks, or trades on goods and goods that can often happen or soon.

In this so-called 232 tariffs – already declared in cars, steel and aluminum, and floating for copper and other items – those who are constantly evolving in the U.S. trade partners.

Trump said on Tuesday If 50% tariffs for copper imports, it doubled the above for valuable goods. He said he would soon announce tariffs “very high.”

Trump’s announcement has reduced copper prices, the metal has sent the highest single daily earnings since 1989. Copper futures contract for September 13%, $ 5,6,6855 per pound.

Threats were the last sign of the president’s desire to use the sector tariffs to gain a goal over trade partners and to try to change the US economy again.

One day after the Trump, a day later spreads hard tariff rates with letters from 14 countries, all 1 August is effective: Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, Myanmar, Bosnia and Herzegovina, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia and Thailand.

The letters aim to increase pressure on trade partners to arrive in schedule before August 1.

However, the conversations of the countries are still in Limbo – and some nations still push caravates, different rates of the white house sector tariff rates and US consumers are squeezed.

South Africa and Kazakhstan, the two countries, both countries, as well as South Korea and South Korea and South Korea, both in South Korea and South Korea.

“Reciprocal tariffs are headlines, but tariffs for the product will still have a serious impact on the domestic market,” Mike Lowell, in a partner of CNBC’s law firm in Smith.

It announced that Trump last month Double tariffs from steel And aluminum is brought to 50% for most countries, the next day is effective.

Steel and aluminum are important materials for steady goods such as refrigerators and cars. But these are Head components of small items Americans use it as zippers and kitchen items every day.

Steel and aluminum tariffs are the continuation of the first term Trump’s first term trade agenda, when carrying out 25% tariffs from steel, and in 2018, in 2018, the price of nearby pricing is caused by a nearby price, Reuters Reports.

But they are also different from their first term tariffs. First, the ratios are higher – in some cases twice the previous levels. Second, today tariff rates are folded on other customs duties.

“The use of part 232 together with other tools adds more complexity to the view of the tariff and increases the importance of country negotiations to obtain exemptions,” write last month.

Trump repeatedly referred to Section 232 The mass of 1962 trade expansion of trade to justify the tariffs specific to the sector. The event is in danger of the President’s national security.

A different law, Section 301It is used to apply tariffs to specific products from China. Some of them were applied during the first term of the Trump and the successor was mainly in place during the term of Joe Biden.

Another sector cars striked with special tariffs are cars and Car parts. This 25% of the two leading car exporters in the United States have a disproportionate effect than in Japan and South Korea.

The White House is still released from freedom to some companies in automatic tariffs, in response to close lobby by partial industrial groups, CNBC reported.

This White House in April Auto tariffs signed an executive order that prevented the accumulation of other payments such as aluminum and steel, which brings some relief to the auto industry.

If the supply chains are often postponed to the tariffs, the Trump’s automatic parts may not be felt complete for years.

In order to apply the country-country tariffs earlier this year, Trump called the protested urgent powers In the Federal Court. If the President lost this case, we can decide to return to sector tariffs in a different way to use its economic power.

Trump, as well as the opportunities for agricultural tariffs to the additional sector, he said. iphonesNo action has been taken yet, though trucks and other items.

Trump previously ordered the Commercial Administration with the Institute of Institute of 232 National Security Investigation Institute nail Lumber imports with results in November.

However, his comments on Tuesday show that steep capacity can come sooner.

“We are coppering today,” Trump informed about the commodity of the majority of electric wires in American houses.