Donald Trump doubles tariffs on steel and aluminum up to 50%

US President Donald Trump has signed an order for the steel import tariffs and aluminum from 25% to 50%.

Moving on the hike imports metals taxes – key contributions throughout, from cars to canned food – for the second time from March.

Trump said the measures that come into force on Wednesday are designed to ensure the future of the American metallurgical industry.

However, critics say the protection can apply chaos on manufacturers outside the United States, spark retaliation from trading partners and come to punishment for US metal users.

A few hours before he went on duties, many firms that directly touched could believe that the plan was moving forward, hoping that he would prove to be a temporary or some negotiation move.

Even if Trump moved forward with the deal, The UK was provided by the nomination from the measuresLeaving the duties on steel and aluminum by 25%, Trump said he reflects his permanent trade discussions with the United States.

“Always a question with Mr. Trump, is it a tactic, or is it a long -term plan?” Said Rick Hutter, Executive Director of the Independent CAN company, Maryland, which brings steel from Europe and turns it into decorative shutters from cookies, popcorn and other products.

He said he put the investment in anticipation and was afraid of sharp changes, and the price increase would lead to his customers to alternatives such as plastic or paper boxes.

“There is a lot of chaos here,” he said.

The US is the largest importer in the world, after the European Union, having received most of the metal from Canada, Brazil, Mexico and South Korea, According to the US government.

During his first term, Trump introduced 25% tariffs on steel and 10% on aluminum, citing a law that gives him the powers to protect industry, which is considered vital for national security.

But many imports ultimately escaped duties after the US concluded trade deals with the Allies and provided exceptions to a certain import at the request of firms.

Trump finished those who stood out in March, saying that he was dissatisfied with how the guards had been weakened.

On Friday, he said he wanted to make tariffs so high that he would not have an alternative except for US suppliers.

“No one was going to get around it,” he said about 50%. “This means that no one will be able to steal your branch. This is 25% – they can overcome this fence. They can no longer overcome the fence by 50%.”

As of May, the import and speed of raw production in the United States has changed little since last year before Trump has raised tariffs, reports the American Iron Institute and steel.

But in April, compared to March, imports decreased by 17%. And businesses selling metals in the US said it expects Trump’s last ad lead to an even more dramatic fall.

Trump’s movements in March have already pushed Canada and the European Union to prepare to refuse tariffs for its own American products.

On Tuesday, the Olof Gill Press Socialist Security and Trade and Trade of the European Commission reported the BBC that both sides participated in intensive negotiations to try to reach the contract.

“We are preference to try to make good suggestions,” he said.

“We very much hope that the Americans will return to this last tariff threat, as they did on others, but still have to see.”

In the UK, Trump’s announcement exerted a new pressure on the government to conclude a trade transaction in work with the United States, which is expected to ensure some protection against March metals.

Trade Secretary Jonathan Reynolds met with US trading representative Jamison Griro in Paris on Wednesday.

His office said he was “satisfied” that the trade talks defended steel in the UK from recent duties.

“We will continue to work with the US to implement our agreement, which will remove 25% of US steel tariffs,” he said.

Gareth Steis, the UK CEO representing steel manufacturers, told the BBC that its members had already seen the orders of the canceled and detained as a result of 25% of the tariffs set in March.

He warned that the tariff by 50% would be “catastrophic” for UK export to the United States, about 7% of total exports.

“The introduction of 50% of the tariffs immediately put the shutters,” he said. “Most of our orders, if not all, will be canceled now.”

Economists have said the US economy also threatens damage as new measures are rising.

A Analysis 2020 He estimated that the first term of Trump created approximately 1000 jobs in the steel industry, but cost the economy 75,000 jobs in other sectors such as production and construction.

Eric York, Vice -President of the Federal Tax Policy in the Tax Fund, said this time she expected even more extreme work losses.

“Some of the strongest evidence is tariffs for intermediate materials, such as steel and aluminum, finding that they are much more harmful because they increase the cost of production in the US,” she said. “It’s just very nonsense to double this type of tariffs, in particular.”

Chad Bartusec is the director of supply chain management to Drill Rod & Tool Steels, a small family production business in Illinois, which brings about £ 800,000 every year, according to specification, which, he said, are not produced in the US.

Mr Bartesek said he is currently waiting for three containers that cost a steel rod that would join the United States without duties at the beginning of the year.

As of last week, he hoped to pay the tariff for about $ 72,000. Instead, he looks at the bill of almost $ 145,000.

“I woke up on Saturday morning, looked at the news, and my jaw fell,” he said about Trump’s announcement.

Mr Bartesek said the business was resilient to a few weeks ago.

But its firm increased the prices by 8% to 14% earlier this year to help cover new tariff costs. Now customers order more carefully and he had to cut hours for workers.

“This is one hit by another,” he said. “Hope it will calm down soon.”