Trump’s 25% of metal tariffs are in force for the effect of the trade war

The tariffs applied by US President Donald Trump for the imports of steel and aluminum affected an action that will increase the tension with America’s largest trade partners.

The event entered the United States in 25% in the steel and aluminum and trains a flat task from aluminum and puts the entire country freedom.

This reacted immediately from the European Union, which said he would apply a large number of tariffs for billions of euros.

Trump hopes that the tariffs will increase our steel and aluminum production, but critics say prices will increase for US consumers and gear economic growth.

The American Institute of Iron and Steel (AISI), a group of us, which represents us, applauded the tariffs that will prepare jobs and increase the production of local steel.

The group’s president Kevin Dempsey said that the action, exceptions and quotas, which allow foreign producers to prevent tariffs, he said.

“The EPA welcomes the president’s actions to carry out a firm and reconstructed program to restore the integrity of tariffs in the steel and solve unfair trade experiences,” Mr. Dempsey said.

A large importer of aluminum and steel, Canada, Mexico and Brazil are among the largest suppliers of metals.

Other countries responded immediately.

The British Minister of Trade Jonathan Reynolds said that “all options were on the table,” he said, being disappointed and disappointed.

The European Commission said that this value of 26 billion euros (21.9bn, 28.3 billion dollars) said in a statement that valuable tariffs.

Australian Prime Minister Anthony Albanese, Trump’s decision to progress with new tariffs said he was “completely unfounded.”

“This is not against the spirit of our two nations, which is the benefits of our economic partnership over 70 years,” he said.

Albanese, who tried to be released from freedom, said that Australia will not violate revenge fees, because such a move will increase the prices of Australian consumers only.

Meanwhile, Canadian Energy Minister Jonathan Wilkinson said CNN would take revenge, but added that he was not looking for tension in Canada.

Canada is one of America’s closest trading partners and is the largest exporter of the largest steel and aluminum in the United States.

In 2018, during the first time, Trump, 25% of 25% of 25% applied territorial tariffs, but 10% in aluminum, but carved countries were held for many countries.

This time the Trump management pointed out that there will be no freedoms.

Tariffs will have to pay 25% of US enterprises who want to bring metals to the country.

This can lead to higher expenses for a large number of US industries, including aerospace, car production and construction.

Michael Dimarino, a Brooklyn company, which organizes parts for the aerospace industry, works through Linda. Everything he made is made up of many steel, most of them come from American mills.

“If I have higher prices, I transmit them to my customers. They have higher prices, they pass it to the consumer,” Mr Dimarino said he supported the growing urge in the United States, but supported the president’s actions.

The American Automobile Policy Council, a group representing such Ford, General Motor and Stellantis, also echoed the car giants anxiety.

The president of the organization Matt said, “Those who are concerned about the release of exemptions from exploiting in Canada and Mexico will add significant costs to the suppliers of automakers,” he said.

Some economists warn that tariffs can help US steel and aluminum industries, but can damage a wider economy.

“It protects the industry (steel and aluminum), but is reduced by making the lower part of their products more expensive,” he said.

Caused Trump’s trade tariffs to be afraid of economic cost A selling in the US and global stock markets The US president refused to rule out the prospects of the accelerated economic recession this week.

The largest companies listed in the United States, the S & P 500 index decreased by 2.7% since December after falling by 2.7% on Monday.

The FTSE 100 Sharing Index of Britain, which has previously reduced earlier in Tuesday, has fallen down and more than 1%. 40 CAC 40 in France and Germany fell 40.

Meanwhile, Oxford Economy, Oxford Economy, about 2.4% to 2% USA, and said that they are dikutified to the worldview of Canada and Mexico.

“Despite thinking, we still expect the US economy to the advantage of another major advanced economy in the next few years,” he said.

“The uncertainty around the road for US tariffs is higher than ever.”

Previously Tuesday, USA and Canada Step back from the brink a large escalation in the trade war.

This was after Trump, it was a plan to double the steel and metal imports to up to 50%.

The President stopped the new accusations of 25% in the US state of Canada, which was transferred to some northern state of Canada.

Despite the cases of climb, Canada will still face 25% of the tariffs in steel and aluminum imports.

Additional report by Michel Fleury in New York