Trump returns after revenge on steel and aluminum tariffs

US President Donald Trump has pledged to impose more tariffs after his last step in importing taxes on steel and aluminum imposed in the US retaliation from the European Union (EU) and Canada.

Trump said he would “know” counteracting, repeating his warning to discover “back” tariffs next month in the world.

“Whatever they charge, we pay them,” he said.

The threat noted the further escalation of the trade war, which shocked the financial markets against the background of concern on economics and consumers in many countries, including in the United States.

On Wednesday, Trump moved forward with the plan to expand US tariffs and aluminum, by entering 25% of 25% duty and stopping the exceptions previously provided for supplies from some countries.

Then there was an order earlier this month, which lifted up to at least 20%in Chinese imports in the United States.

Trump also threatened the tariffs – what taxes applied to goods when they enter the country – a number of more specific items, including copper, lumber and cars.

Leaders in Canada and Europe called new metals taxes Unjustified and hit with their own tariff on various American products.

Other countries that are key suppliers of US metals, including in the UK, Australia, Mexico and Brazil, have been distracted by any immediate revenge.

“Like everyone else, I am disappointed, seeing global tariffs for the steel and aluminum, but we will accept a pragmatic approach,” said UK Prime Minister Sir Kire Stermer.

“We … negotiations on transactions that cover and include tariffs when we succeed. But we will keep all the options on the table.”

Canada said it would start to charge a 25% tax on almost $ 30 billion ($ 20 billion; £ 16 billion), including steel, computers and sports equipment.

Prime Minister Mark Karnie said he Ready to agree on a new trade contract with Trump while there is “respect for Canadian sovereignty”.

The EU has stated that since April 1, since April 1, since April 1, since April 1, since April 1, dollars from April 1; 22 billion pounds.

EU President Ursula von der Leyen said the reaction should be “strong but proportionate” and added that the EU was “ready to participate in a significant dialogue.”

“Tariffs are taxes. They are bad for business and even worse for consumers,” she said, warning that economic violations would endanger jobs and will send prices higher.

“No one needs it – on both sides, neither in the European Union nor in the US.”

Trump said he wants to increase the production of steel and aluminum in long -term work, but critics directly say that metal import taxes will increase US consumer prices and Dent.

According to the Reuters letter.

Pepsico, Conagra and JM Smucker also demanded that the president release ingredients that are not available in US sources in a letter that was sent by the consumer brands.

Coffee, oats, cocoa, spices, tropical fruits and tin steel used for some food and home conditions are one of the import records listed as inaccessible domestic, Reuters reports.

Import taxes are expected to also reduce the demand for steel and aluminum, which is not made in the United States – a stroke for metal manufacturers elsewhere.

The EU has estimated that the latest US tariffs affect about 5% of total exports to the United States, and the US is a place for approximately 90% of steel exports and aluminum Canada.

The US shares were mixed on Wednesday after a two -day sharp decline. Dow closed 0.2%, while the S&P 500 ended almost 0.5%higher and Nasdaq jumped by 1.2%.

As a result of the appearance of the White House with Prime Minister of Ireland Taoiz Mikel Martin, Trump said he did not plan to abandon his trade struggle, saying that he was “not satisfied” by the EU’s trade policy.

He cited concern over the legal fines he imposed on Apple, and the rules he claimed put us into disadvantaged products and machines.

“They do what they should do for the European Union, but it creates bad will,” he said.

Repeating his threat to hit European cars, he later added: “We will win this financial battle.”