25% of steel and aluminum tariffs Donald Trump come into force despite fears of recession

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25 percent tariffs of Donald Trump on the import of steel and aluminum in the US came into force when it continued to continue its protectionist trade agenda, despite increasing concern the risk of internal recession.

President announced last month In order for him to impose duties by breaking several agreements between his predecessor Joe Biden and US trading partners, to allow a certain amount of steel and aluminum to enter the country’s service.

US officials under Trump made this step as an answer to “foreign players”, which, according to them, are responsible for “increasing exports” of metals to America, which undermine domestic producers.

Trump also expand metals tariffs To apply to a wide range of products containing steel and aluminum, including tennis rackets, bikes, furniture and air conditioning.

The White House has confirmed tariffs for derivative products, will also be applied from Wednesday.

This step is part of a broader package of protectionist measures introduced by Trump since he took office in January. Its efforts have Persened investorsThey raised fears of recession in the United States and ruined relations with some nearest allies in America.

Australian Prime Minister Anthony Albonez said on Wednesday that the tariffs were “completely unfounded” and “against the spirit” of the peoples “solid friendship”.

Australia was exempted from similar tariffs implemented during the first term of Trump, and manufacturers of the steel countries provide protection and production of the United States.

“This is not a friendly act,” Albonez said.

On Tuesday, Trump announced that he doubles and aluminum rates from Canada up to 50 percent, which celebrates escalation in his trading war with one of the top three trading partners, earlier Course of appeal later a day.

The Canadian province of Ontario, which on Monday announced a 25 % supplement for electricity exported to the United States, said on Tuesday that it would suspend the pursuit of tit tariff de-escalation.

The complete list of steel and aluminum products that are subject to increase amounted to $ 151 billion in 2024, according to the analysis of Simon Eveneta and Johannes Fritz from the Saint -Galen Foundation for prosperity through trade.

Ted Murphy, a partner of Sidley Austin, said the broad tariffs of Trump in new metals are a “big shift” from his approach when he introduced similar fees in 2018 and allowed some products.

“The product exceptions were made through the US Government process to confirm that the products were unavailable in the US,” Austin said. “So, pick it up will mean that many people will have to pay the tariff because they cannot create these products inside the country.”

Additional Nick Fildee report in Sydney