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.

Several countries, including the United Kingdom and Australia, tried to provide unsuccessful carvings. Others, including Canada and the European Union, said they will take revenge.

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 transfer, exceptions and quotas were closed to foreign producers to prevent tariffs to prevent tariffs.

“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.

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 is a Linda vehicle, a 17-member Brooklyn company organized by parts for the aerospace industry. 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 clients. There are higher prices, passes to the consumer,” he said.

A group of American Automobile Policy Assembly, such Ford, General Motors and Stellantis representing car giants, reflected such concerns.

“We still consider all the details of the proposed tariffs, but we will add significant costs for our suppliers of specifically for Canada and Mexico,” Matt Kindl said the organization’s president.

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

“This protects industry (steel and aluminum) industries, but makes the lower flow users of their products more expensive,” he said.

In 2018, in the first period of the President, Trump was 25% of the steel and aluminum 10% import tariffs, but as a result of many countries held a carwac.

Several countries, including Britain and Australia, which were previously released from paying such tariffs, wanted to prevent them again.

However, President Trump, the same type of exceptions and freedoms in the first term said he said.

Anthony Albanese, Australia’s Prime Minister Anthony Albanese, said the decision to progress with new tariffs at the press conference.

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

Albanese also said that Australia would not apply mutual tariffs in the United States, because such a move will increase the prices of Australian consumers only.

At the same time, Canadian Energy Minister Jonathan Wilkinson told CNN that he applied to CNN, but did not want to increase tensions 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.

The European Union also said that the Trump will return to the Trump’s action.

Last month, the UK government said he was looking for a freedom to tariffs and would not retaliate.

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%. French CAC 40 index and German also followed a similar example.

Meanwhile, Oxford Economy, Oxford Economy, this about 2.4% of the United States economic growth forecast has dikeltent from 2.4% to 2% to 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 climbing, Canada will still face 25% tariff for steel and aluminum imports.

Additional report by Michel Fleury in New York