Trump announces 25% rates in all imports of steel and aluminum

President Donald Trump has ordered a 25% import tax to all steel and aluminum inserted in the US.

Rates, which will increase the costs of importing Metals to the US, in spite of some political warnings Canadian leaders – the largest supplier of American metals – as well as other countries.

U.S. businesses depend on the US businesses, but Trump said his plans will promote domestic production.

He warned that there could be no exception, “saying that the rules set out on March 4” simplifies “.

“This is a lot, home to become rich in America,” Trump said.

“Our nation needs steel and aluminum in America, not in foreign lands,” he added.

As soon as the rates can raise prices for consumers, the US president responded: “It will eventually be cheaper.”

“Our excellent industry is time to return to America … Many is the first,” he added, proposing that other rates could be based on pharmacy and computer paces.

The USA is the largest steel importer in the world, counting Canada, Brazil and Mexico, with its three main suppliers.

Canada had more than 50% of the aluminum imported last year. If the rates come into force, it is expected to be the most significant impact in Canada.

Before the advertisement, Ontario Premier Doug Ford, is a large part of Canada steel production, accused of “gatekeepers and continuous chaos”.

The Lobby team for Canadian steel managers called to avenge the US, Kody Blois, in the most important Liberal MP in Canada, said he was looking for ways to reduce the trade relationship with the USA.

“Completely reducing very strong cooperation,” said BBC Newshour before the official command.

Meanwhile, the prices of major US steel managers rose on Monday to face to face, jumping by almost 20% with the price of Cleveland-cliffs. The prices of steel and aluminum also jumped.

The rest of the market response was silenced, reflecting serious Trump questions about his plans, delaying rates or negotiating the exceptions of the rules.

In his first term of office, Trump 25% announced 25% rates in steel and 15% in aluminum, but in the end, in many countries of Australia and Mexico.

“This is a 2018 playing play,” Douglas Irwin said, Dartmouth College Economic Professor.

“The biggest question is whether the uncertainty is tactical negotiation, whether he wants to talk to other countries, and it really wants to help the steel industry in that way.”

Last week, Trump ordered 25% import duties in all Canadian and Mexican products, only to delay this plan for 30 days. The US also brought new incidents in the USA in all Chinese goods that come to the United States, encouraging revenge from China.

Tariff tax is a home tax, when they enter a country, proportional to the value of import.

The visions of higher rates included in imports to the US have been about many leaders in the world, because companies will be more expensive to sell goods to the largest economy in the world.

Taxes are the center of the economic view of Trump. It sees the US economy as a way to grow, to protect jobs and collect tax income.

But there are also concerns about the US effect, and our internal manufacturers use steel and aluminum in their products and now add the probability to add costs.

The construction industry team warned about the hit.

In the first terms of Trump, there was a number of exceptions, the average price of steel and aluminum in the US, according to the US International Trade Commission, respectively, the average price of US steel and aluminum.

Stephen Moore was a campaign on economic issues in 2016 and is the elderly-based conservative thought, Washington-based thinking, that he did not think that steel rates were effective in creating work and the first way to create aluminum work.

He said he was “severe” about the trade of Trump, “he thought it was” getting the rest of the world’s attention. “

“Donald Trump is a tactic to negotiate everything in Washington,” he said.

Trump officials said that the final moves are aimed at countries such as China and Russia to avoid fares, focusing on low cost products from other countries.

The President of the United States said he presents new standards that require “melt and discharge” and to be the aluminum in North America “Smelted and Cast”.

Nick Iacovella, a spokesman for a coalition for a prosperous American.

But he pointed out that Canada sends much more to the USA – Trump’s key topic trading deficit.

“There are still imbalances that need to be addressed in Canada and the United States Trading Relationships,” he said.

He added: “I don’t think that all the hammers intend to do all the hammers, but I think early, when the president says right now … (is) both countries (Canada and Mexico). The relationship with the US are being abused and we will do something about it. “