The trade war is growing when 25% of metal tariffs come into force on Trump

The tariffs imposed by US President Donald Trump on imports and aluminum have come into force, which is likely to translate tensions with some of the largest trading partners in America.

The measure provokes an equal duty on steel and aluminum, which is up to 25% in the US and completes all liberations from the country.

Several countries, including the UK and Australia, tried to provide a break without success. Others, including Canada and the European Union, said they would avenge.

Trump hopes tariffs will increase the production of steel and aluminum, but critics say this will increase US consumers and Dent.

The American Iron Institute and Steel (AISI), a group presented by American steel manufacturers, welcomed tariffs, saying they will create jobs and increase the production of household steel.

Group President Kevin Dempsey said the move closed the system of release, exceptions and quotas that allowed foreign manufacturers to avoid tariffs.

“AISI applauds the President’s actions to restore the integrity of the steel and the implementation of a reliable and activated program to solve unfair trade practice,” Mr. Dempsey added.

The United States is the main importer of aluminum and steel, and Canada, Mexico and Brazil are one of the largest metal suppliers.

Other countries immediately responded.

UK Minister Jonathan Reynolds said the disappointed and “all options were on the table” to respond to national interests.

In a statement, the European Commission stated that it imposes tariffs on a counter -26 billion euro (21.9 billion pounds, $ 28.3 billion).

Australian Prime Minister Anthony Albonez said the decision of the Trump administration to go forward with new tariffs is “completely unjustifiably”.

“This is against the spirit of the sustainable friendship of our two countries and, in principle, disagrees with the benefits that our economic partnership has given over 70 years,” he added.

Albonez, who tried to provide for release from tariffs, also stated that Australia would not impose duties because such a step would only raise prices for Australian consumers.

Meanwhile, Canada’s energy minister Jonathan Wilkinson said CNN his country would avenge, but added that Canada does not seek escalation of tensions.

Canada is one of the closest trading partners in America and the largest exporter and aluminum for the US.

Tariffs mean that US companies wishing to bring metals to the country will have to pay 25% of their tax.

This will probably lead to higher costs for a large number of US branches, including aerospace, car production and construction.

Michael Dimarin rules Linda Tool, Brooklyn Company, which produces spare parts for the aerospace industry. All he does includes some steel, most of which comes from the American mills.

“When I have higher prices, I give them to my customers. They have higher prices, they pass it on to the consumer,” Mr. Dimarin said, adding that he supports the US production increase, but warning the presidential risk steps.

The US Automobile Policy Council, a group of car giants such as Ford, General Motors and Stellantis, also repeated such problems.

“We still still consider and expect all the details of the tariffs offered, but are concerned that the recall of the release from Canada and Mexico will add significant costs to our suppliers,” said Matt Brant, president of the organization.

Some economists have warned that tariffs can help US steel and aluminum industry, but harm the broad economy.

“It protects (steel and aluminum) industries, but harms users of their products downstream, making them more expensive,” said Bill Reins, a former commerce official who is now at the Center for Strategic and International Studies.

Fear of Economic Costs of Trump’s Trading Tariffs Called Selling in the US and World Stock Markets The accelerated this week after the US president refused to exclude the prospect of economic recession.

The S&P 500 Floor Fund Index listed in the United States decreased by 0.7% on Tuesday after a 2.7% fall on Monday, which became its largest one -day fall since December.

The FTSE 100 stock index in the UK, which fell below Tuesday, decreased and closed by more than 1%. French CAC 40 and German Dax went according to a similar scheme.

Meanwhile, the Oxford Economics Economic Research Firm notes that in the report it reduced its US economic growth for the year from 2.4% to 2%, making even more adjustments to Canada and Mexico.

“Despite the lowering, we are still expecting that the US economy will exceed other major progressed economies over the next few years,” the report added.

“The uncertainty around the way for the tariffs is higher than if -nothing.”

Previously on Tuesday US and Canada retreated back from the border The main escalation in the trade war.

It happened after Trump said he stopped the plan to double the US tariffs on Canadian imports and metal up to 50%, only a few hours after he was first threatened.

This step came after the Canadian Ontario province dismissed the new 25% charges he sends to some northern states in the United States.

Despite the rise, Canada will continue to be able to get a 25% tariff on Trump’s import tariff and aluminum, which have just entered into force.

Additional Michel Flora report in New York