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Donald Trump’s 25 percent tariffs for steel and aluminum imports in the USA came into force on Wednesday when he continued to pursue his protectionist trade agenda despite the growing concern about the risk of domestic recession.
The President announced last month That he imposed the tasks and have imposed several agreements between his predecessor Joe Biden and the US trade partners so that certain amounts of steel and aluminum can enter the mandatory duty.
US officials under Trump have the move to “foreign players”, of whom they say that they are responsible for “increasing exports” from metals to America that undermine domestic producers.
Trump will also expand the metals Tariff To appear on a wide range of products with steel and aluminum, including tennis blows, training wheels, furniture and air conditioning systems.
The White House confirmed that the tariffs would also apply to derivative products from Wednesday.
The move is part of a wider package of protectorist measures, which Trump introduced since taking office in January. Have his efforts Rattled investorsthe fears of a US recession and acidified relationships with some of the closest allies.
The Australian Prime Minister Anthony Albanese said on Wednesday that the tariffs were “completely unjustified” and “against the spirit” of the “permanent friendship” of the nations.
Australia was freed from similar tariffs that were implemented by Trump during the first term, and the state’s steel producers deliver to the US defense and manufacturing sectors.
“This is not a friendly action,” said Albanese.
On Tuesday, Trump announced to double the tariffs for steel and aluminum imports from Canada to 50 percent and to mark an escalation in his trade war with one of the three best trading partners in the USA Course turn Later a day.
The Canadian province of Ontario, which had announced a surcharge of 25 percent for the power supply surcharge exported to the USA on Monday, announced on Tuesday that it would suspend the charges to de-escalate the tit-for-tat tariff.
The full list of steel and aluminum products that are subject to taxes corresponded to $ 151 billion in 2024, as was shown from an analysis by Simon Tacett and Johannes Fritz from St. Gallen Foundation for prosperity by trade.
Ted Murphy, a partner of the law firm Sidley Austin, said that Trump’s comprehensive new metal tariffs were a “big change” compared to his approach when he introduced similar taxes in 2018 and had only approved exclusions for some products.
“The products were checked by a US government process to confirm that the products were not available in the USA,” said Austin. “So taking away means that many people have to pay the tariff because they cannot get these products in Germany.”
Additional reporting by Nic Fildes in Sydney
