Trump beats customs hammer: 25% on steel and aluminum from Monday!

Trump beats customs hammer: 25% on steel and aluminum from Monday!

President Donald Trump has raised his aggressive trade policy to another level with a new customs announcement. On Monday, the United States will impose tariffs of 25 percent on all steel and aluminum imports. Trump announced this project during a flight to the Super Bowl, the most famous football game in the USA, on board the Air Force One. The Republican had already introduced similar tariffs during his first term and even granted duty -free contingents for partner countries such as the European Union and Canada, but apparently this is now.

On Monday, Trump will activate the tariffs on steel and aluminum to the full extent with this measure. The importance of this market development could be enormous, not only for the domestic industry, but also for international trading partners. Trump also does not seem to stop in his announciator hurry, because as N-tv he also planned for Tuesday Further customs measures, presumably related to semiconductors and energy imports. Trump had already raised the tariffs to Chinese products at the beginning of February and threatened with similar problems for the EU. His pointed trade announcements mark an escalation in customs policy that could encounter strong reactions worldwide, while Trump continues to question the economic conditions of the United States and bring possible fraud in the field of public debt.

zole and their consequences

The conflict about the trade tariffs shows that Trump is determined to strengthen the pressure on the US economy and to regain control of international trade relationships. As OE24 this could be the beginning of a new customs war, which not only presents North American partners, but also European and Asian markets. The previous customs contingents, which were granted to some countries, could now also be in the balance, while Trump retains his future -oriented course and threatens with new tariffs.