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inkeinspires.com > Breaking News > Trump says will impose 25% tariffs on imports of steel, aluminium | International Trade News
Breaking News

Trump says will impose 25% tariffs on imports of steel, aluminium | International Trade News

MTHANNACH
Last updated: February 10, 2025 4:19 am
MTHANNACH Published February 10, 2025
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The American president announces the latest prices following commercial measures for Canada, Mexico and China.

The President of the United States, Donald Trump, announced his intention to impose 25% of prices on all imports of steel and aluminum, and reciprocal prices on countries at the level of bonds on American products.

Trump said on Sunday that he would officially announce the prices on steel and aluminum the next day, and compensatory samples later in the week.

Trump did not specify which country would be subject to reprisals prices, but said that they would not affect all countries.

“Very simply, it is if they charge us, we charge them,” Trump told journalists on Air Force One.

“If they charge us 130% and we do not charge them anything, that will not remain so,” said Trump.

Canada is the best steel supplier in the United States, followed by Brazil, Mexico, South Korea and Vietnam.

Canada is also the best aluminum exporter in the United States, with other major suppliers, including China, Mexico and the United Arab Emirates.

“Canadian steel and aluminum support key industries in the United States since defense, shipbuilding and car,” Canadian Minister of Innovation François-Philippe Champagne said in a position on X.

“This makes North America more competitive and safer. We will continue to defend Canada, our workers and our industries. »»

Trump’s latest pricing threats intervene after having announced its intention to impose 25% prices on all Canadian and Mexican goods as well as a 10% tariff on Chinese imports.

The American president then agreed to delay the measures on Canada and Mexico after the two countries undertook to do more to stem the flow of illegal drugs and undocumented migrants through the American border.

Trump’s prices against China, which announced on Tuesday reprisal prices on American exports, took effect on Tuesday.

The American president suggested earlier this month that the European Union could be the next online to face prices, saying that the block is “almost nothing” in the United States while the United States takes ” All”.

“The EU is really out of line. This is an atrocity, what they did, “Trump told journalists on February 2.

“I don’t have a calendar but it happens very soon.”

Asia’s stock markets have shown a mixed reaction to Trump’s latest comments, with Nikkei 225 of Japan, down 0.1%, but Hong Kong Hang Seng and SSE Composite in China up 1.2% and 0.3%, respectively, at 02:30 GMT.

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