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Donald Trump’s tariff entered 25 percent on steel and aluminum imports in the United States on Wednesday, as he continued to follow his protective commercial agenda despite his increasing concern about the risk of local recession.
President Announced He will impose duties, as many agreements between his predecessor Joe Biden and commercial partners of the United States to allow some quantities of steel and aluminum to enter the country are free of fees.
During the Trump era, US officials frame this step in response to “foreign players” who say they are responsible for “increasing exports” from minerals to America that undermines local producers.
Trump will also expand metals Definitions For application on a wide range of products that contain steel and aluminum, including tennis rackets, exercise bikes, furniture and air conditioning units.
The confirmed customs tariffs of the White House of products derived from Wednesday will be applied.
This step is part of a broader group of protectionist measures that Trump has made since he took office in January. His efforts to her She shook investorsFears of the American recession and tension raised relations with some of the closest American allies.
Australian Prime Minister Anthony Albaniz said on Wednesday that the customs tariff “is completely unjustified” and “against the” spirit of “permanent friendship” of the nations.
Australia was exempt from a similar tariff that was implemented during the first period of Trump, and the country’s steel producers were provided with the American defense and manufacturing sectors.
“This is not a friendly act,” Albaniz said.
On Tuesday, Trump announced that it will double the definitions applied to steel and aluminum imports from Canada to 50 percent, which represents an escalation in his trade war with one of the three most important commercial partners in the United States, before that. The opposite path Later in the day.
On Monday, the Canadian province, which announced an additional cost of 25 percent of the US exporting power to the United States, said on Tuesday that it would suspend the charge in an attempt to cancel the customs tariff.
The full list of steel and aluminum products subject to fees is $ 151 billion of imported goods in 2024, according to an analysis conducted by Simon Felit and Johannes Fritz from St. Galen gifts for prosperity through trade.
TED Murphy, a partner at the law firm Sidley Austin, said that the new Trump metal tariff was a “major change” of his approach when he presented similar fees in 2018 and allowed exceptions to some products.
“The product exceptions were examined through an American government operation to confirm the products that were not available in the United States,” Austin said. “So taking this will mean that many people will have to pay the customs tariff because they cannot source these products locally.”
Additional reports by Nick Fields in Sydney
