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The steel coils are depicted in the yards of the Ternium Steelmaker plant when US President Donald Trump has ordered 25% of aluminum import tariffs and steel in the USA, San Nicolas -D -Loss, Mexico on February 11, 2025.
Daniel Bereril | Reuters
25% of US President Donald Trump tariffs on imports and aluminum came into force on Wednesday, despite the concern that duties may push the world’s largest economy to recession.
The White House confirmed duties that would affect Canada and other countries at the end of the state on Tuesday, but added that Trump no longer planned to increase tariffs for Metals from Canada to 50%.
This notes the latest development in the catchy war, which was marked by bold promises of tariffs – and the following reversals and delays – Trump.
The European Union stated on Wednesday that imposing Staff-Tariffs for 26 billion euros ($ 28.33 billion) US goods since April in response to duties on steel and aluminum. The confrontation is intended for “protecting European enterprises, workers and consumers from the impact of these unjustified trade restrictions,” the European Commission said.
Australian Prime Minister Anthony Albonez said Trump’s step was “completely unjustified”.
“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 said at the press conference.
Last month, Trump said he was considering exemption from steel export tariffs and aluminum in the US
Albonez added that Australia would not make mutual tariffs for US imports, as this will only serve for inflating prices for Australian consumers.
This is a developing story and will soon be updated.
