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The steel coils are shown in the courtyards of the steel ternium plant when the president of the United States, Donald Trump, ordered 25% tariffs on aluminum and steel imports that enter the United States, in San Nicolás de los Garza, Mexico, February 11, 2025.
Daniel Becerril | Reuters
The 25% rates of the president of the United States, 25% of the imports of steel and aluminum, entered into force on Wednesday, despite the concerns that duties could push the world’s largest economy towards a recession.
The White House confirmed the duties, which will affect Canada and other nations, the state side on Tuesday night, but added that Trump no longer planned to increase tariffs on metals from Canada to 50%.
It marks the last development in a commercial war that has been marked by the bold promises of tariffs, and reversions and subsequent delays, by Trump.
The European Union said Wednesday that it would impose Counter-tariffs at 26 billion euros ($ 28.33 billion) by value of US products from April in response to steel and aluminum tariffs. The countermeasures are designed to “protect European companies, workers and consumers from the impact of these unjustified commercial restrictions,” said the European Commission in a statement.
Australian Prime Minister Anthony Albanese said Trump’s measure to impose rates was “completely unjustified.”
“It is against the spirit of the lasting friendship of our two nations and fundamentally disagree with the benefits that our economic association has provided for more than 70 years,” He said at a press conference.
Last month, Trump said he was considering tariff exemptions on exports of steel and Australian aluminum to the United States.
Albanese added that Australia will not impose reciprocal tariffs on US imports, since that would only serve to inflate the prices of Australian consumers.
This is a development story and will be updated shortly.
