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President Donald Trump’s tariffs on the import of steel and aluminum by the United States are sending shock waves in global markets and increases tensions with basic trading partners, including Canada, Mexico and the European Union.
Some countries with revenge tariffs, others use freedom, and several people are trying to negotiate through 25 percent of the tariffs.
Thus, what does this mean for the industries that exaggerate the trade war, trying to prevent and trust in these metals?
Who provides steel and aluminum to the United States?
Canada, Brazil and Mexico, March 2024 and January 2024, January 2025, collectively the best three suppliers of accounting. The remaining leading suppliers are 30 percent of South Korea, Vietnamese, Japan, Germany, Taiwan, China, China, China and China, US steel imports.
Here is an accident:
- Canada – 16 percent
- Brazil – 14 percent
- Mexico – 9 percent
- South Korea – 8 percent
- China – 2 percent
The biggest suppliers for aluminum are Canada, United Arab Emirates, Russia and Mexico. Canada is a dominant supplier responsible for about 40 percent of the US aluminum imports, after Russia and Mexico.
The Tariff War will have a widespread impact on manufacturers and consumers in the United States, steel and aluminum, and among others are very important in developing household appliances, cars, planes, telephone and buildings.
Celik, construction, production, transportation and energy, all steel is a spinal material for the construction sector using one-third of imports. This will push costs for infrastructure projects, including airports, schools and roads.
It is important for light and corrosion-resistant aluminum, car and aerospace industry, as well as food and beverage packaging.
The United States is particularly dependent on aluminum imports, and about half of the metal used in the country from foreign sources.
According to the US Combustency Department, the US steel and aluminum imports were $ 31 billion and $ 27 billion and $ 27 billion.
Vina Nadjibulla, a research and strategy in the Canadian Pacific Foundation in Canada Vina Nadjibulla, especially because of the fact that tariffs are especially harmful, “they are a little economic or realistic regulation for them.”
“The United States can not last enough than these goods, so the tasks create economic pain for American consumers and basic trading partners,” said Nadjibulla al Isstaz.
Instead, they provide the level of “unexpected and volatility” we have not seen in decades.
The United States violated the established trade norms and protests other nations effectively by the US and afterwards, and after him and after him, and the destructive influence of shareholders and consumer confidence. “Nadjibulla said.
How do countries meet?
Canadian
The largest steel and aluminum supplier to the United States took a strong position against the tariffs. Prime Minister Justin Trudeau called “unfounded” tariffs and “something dumb” tariffs.
Canada $ 25.6 billion worth $ 25.6 billion worth $ 25.6 billion worth $ 2.8 billion worth of financing tariffs in aluminum imports. Among others, the United States applied the United States about $ 10 billion as computers and servers, screenshots, water heaters, water heaters and sports equipment, water heaters and sports equipment.
These opposite hints come into force on Thursday.
“We will stand up for our employees and understand that we have the results of the decisions of the American people’s decisions,” Trudeau said earlier this week.
As Prime Minister, Mark Carney, who successfully trudeau, promised to protect the tariffs until the United States fulfills fair trade experiences. He said he was ready to buy “a more comprehensive approach to trade.”
“We believe that we believe that in a world is full of geopolitical and economic uncertainty, we have no common interests to download our economies with tariffs,” he said.
The latest tariffs are additional tariffs for US imports that have revenge for the previous Trump Levy, which has been postponed to $ 25.8 billion since the $ 25.8 billion dollar of imports on March 4.
The European Union
The EU also announced revenge measures worth $ 28 billion worth $ 28 billion as motorcycles, peanut butters and jeans. These measures will be distributed in two stages:
- Phase 1 (April 1) – Restore tariffs worth $ 8.7 billion worth $ 8.7 billion, including steel, aluminum, bourbon and motorcycles. During the first term of Trump, the meter remains applied between 2018 and 2020 were stopped under the leadership of Biden.
- Phase 2 (Mid-April) – A $ 19.6-billion worth of $ 19.6 billion in US exports, such as poultry, milk products, fruits and grain, provide new tariffs in US exports.
President of the European Commission Ursula Von Der Leyen warned that prices will increase prices and threaten the work on both sides of Atlantic.
“We are very sorry about this event. Tariffs are taxes. They are evil for businesses and worse for consumers,” he said, “EU” will always be open for negotiations. “
Mexico
Mexico’s response is not known. President Claudia Sheenbaum said that any revenge tariffs will be carried out only if negotiations failed. However, he closed the Temporary Refusal Agreement within the framework of the Mexican-Canadian agreement (USMCA) under the Mexican-Canadian agreement (USMCA) trade agreement within the framework of the Mexican-Canadian agreement (USMCA) under the trade agreement within the framework of the Mexican-Canada Agreement (USMCA).
However, the analysts say that the goods that do not correspond to USMCA can still attract 25 percent of tariffs.
This comes after a monthly delay in the Tariffs in Mexico and Canada to increase border security measures of both countries. Trump followed the promises to apply tariffs in Mexico until immigration and drug trafficking through the borders.
Brazil
Despite being one of the heaviest strokes, Brazil chose diplomacy on revenge. Brazilian officials are negotiating Washington in the hope of exempt from freedom.
The government, led by Silva in Left Winged President Luiz Inacio Lula, made a statement that the United States regretted the “volume”.
“President Lula said that in the past, talking about the situation in the current situation, we talked about our talks more often,” he said.
South Korea
Trump accused South Korea from taking advantage of the United States, and without being four times higher than Seoul’s average tariffs, without providing proof. Trade between the two nearby allies is almost non-fare due to a free trade agreement.
“And we help many other ways in South Korea. But this month ago, this month ago, Trump said during the addresses of the US Congress.
He also promised to break the chips and science of the United States, including Samsung Electronics, including the US company, including the United States.
South Korea has preferred more negotiations without confrontation. The local industry has also activated the “Full Ambulance Mode” to protect.
On Tuesday, South Korea, South Korean President Choi Sang-Mok, Trump has started targeting the country’s policy of “America” policy.
South Korean officials wanted a dialogue with US colleagues to discuss potential freedoms and mutual concerns. The Minister of Trade Cheong In-Kyo visited them on March 13-14 in Washington, mutual tariffs and investment opportunities.
The visit is trying to present the Trump Administration’s trade policy report and the attitude of South Korea to tariffs.
Chinese
Beijing is not a leading steel supplier to the United States. However, the tariffs accepted as a direct economic attack and responded aggressive.
Chinese Foreign Ministry spokesman Mao Ning said that the world’s largest steel producer and the second largest economy in the world will take all the necessary measures to protect the rights and interests of China.
“No one in the trade war wins in the war,” he said.
China has already striked tariffs in revenge in the United States, and 20 percent of the quilt tariff applied by Trump.
How will tariff war affect our relations with allies?
In Australia, another ally affected by Trump’s tariffs, the United States will not retaliate. Prime Minister Anthony Albanese called “entirely unfounded” tariff, but excluded reciprocal tariffs for Australian consumers.
Canberra managed to be exempt from steel and aluminum tariffs under the first term of Trump.
According to Nadjibullah, these tariffs painting an image that the United States has become “invalid partner for the closest allies.”
He will look at strategies such as Canada, Australia and South Korea to minimize the “sensitivity” and trade partners.
“When the great economies are engaged in Tat Tat tariff escalations, the global trade slowdown is greater,” he said. “These measures do not damage the near-term substrate only – threaten the entire framework of open trade, which support the world’s economic growth and stability.”
