The United States will move to impose 25 percent tariffs on steel and aluminum imports this week, President Donald Trump said Sunday, the last thing in a series of commercial encumbrances he has announced.
Trump told journalists aboard Air Force One that tariffs, which will announce on Monday, will apply to “any steel that reaches the United States,” adding that this will also affect aluminum.
Trump imposed similar tariffs during his 2017-2021 presidency to protect US industries, which he thought he faced an unfair competition of Asian and European countries.
Canada, which Trump has already threatened with tariffs, is the largest source of steel and aluminum imports to the United States, according to commercial data in the United States. Brazil, Mexico and South Korea are also main steel suppliers in the country.
On Sunday, the Republican billionaire also said that he would announce “reciprocal tariffs” so that they coincide with the taxes of his government with rates charged by other countries of American products.
“Each country will be reciprocal,” Trump said, adding that he would make a detailed announcement on the rates on Tuesday or Wednesday.
The president has already shown his fondness to assemble the financial power of the United States, ordering tariffs on Chinese Chinese, Mexico and Canada business members shortly after assuming the position.
He paused 25 percent rays against Canada and Mexico for a month after both countries promised to intensify the measures to counteract the flows of the fentanyl drug and the crossing of undocumented migrants to the United States.
However, tariffs against China continued, with products that entered the United States they face additional taxpayments of 10 percent since Tuesday.
Beijing responded with specific tariffs on certain American products, such as coal and liquefied natural gas, which will come into play on Monday.
The new Chinese tariffs cover US products worth $ 14 billion, while Trump announced by Trump cover Chinese products worth $ 525 billion, according to Goldman Sachs.
‘Golden age’
Trump has also promised tariffs on the European Union and said that he would soon announce “reciprocal tariffs” “.
The French president, Emmanuel Macron, promised in an interview broadcast on Sunday to face Trump with his financial threats to Europe, although he said that the United States should focus its efforts on China instead of the European Union.
Macron also warned CNN That Americans would feel the effects of any tariff in Europe, saying that “costs will increase and create inflation in the United States.”
And at a friendly meeting on Friday with Japanese prime minister Shigeru Ihiba, Trump warned that Tokyo could still face tariffs on exported goods if he does not reduce the commercial deficit of the United States with Japan to zero.
The United States commercial deficit, the largest economy in the world, was extended last year to almost $ 920 billion.
Trump, who has promised a “new golden age” for the United States, has insisted that the impact of any tariff would be assumed by foreign exporters without being transmitted to US consumers, despite the fact that most experts said what they said That is the opposite.
But he recognized after announcing tariffs on Mexico, Canada and China earlier this month that Americans could feel economic “pain”.
Trump has exercised tariffs as a threat to achieve his broader policy objectives, more recently when he said they would slapped them in Colombia when he returned to US military planes that transported deported migrants.
After a confrontation of a day with Trump, the Colombian government retreated.
