The American allies retaliated while the Trump administration imposes metal prices

The Trump administration has increased prices on global imports of steel and aluminum to 25% on Wednesday as President Donald Trump and his administration on commercial policies that have shaken the financial markets.

The United States allies, like the European Union, responded in kind with a hail of criticism and reciprocal prices. The EU announced on Wednesday the prices for retaliation in detail at $ 28 billion with a wide range of American products imported into Europe such as boats, motorcycles and alcohol.

President Trump announced the prices last month and the White House said on Wednesday that there would be no exceptions.

President Trump has once again used the lever effect of the American economy, which is the best and the largest in the world, to offer a victory to the American people, said the White House spokesman Kush Desai, in a statement.

Calling on the new American prices, the European Commission said that the direct debits would be triggered on April 1, with additional countermeasures introduced in mid-April.

Investors have appeared imperturbable because they sent higher US stock contracts before the publication of the last consumer price index on Wednesday, although the main stock market indexes are lower in recent weeks. The S&P 500 is down almost 9% compared to its February summit, putting it in correction territory.

While President Trump suggested that he wanted to negotiate a broader trade agreement with the United Kingdom, Great Britain has not escaped taxes. The Secretary of Affairs and Trade in the United Kingdom, Jonathan Reynolds, described the disappointing levies, but said that his country was focused on a pragmatic approach and negotiating a broader agreement.

President Trump during a signature ceremony of the executive decree in the oval office on March 6. Als images Draco / Bloomberg / Getty

The European reaction has echoed that of Canada, another of the traditional Nearly allies and business partners in America, on which Trump had already imposed a metal tax of 25%.

New prices had to briefly increase for Canada, the best American export market. President Donald Trump said on Tuesday that they would increase to the Prime Minister of Ontario, Doug Ford, threatens to impose an additional electricity import in the United States on Tetario in response to the United States to increase the initial United States.

A conversation between Ford and trade secretary Howard Lunick, however, prevented this, with Trump indicating that a doubling of American prices for Canada was no longer likely.

In a joint declaration with Lunick published on X, Ford said they would meet Thursday alongside the US trade representative to discuss the renewal of the American-mexico-Canadian free trade law.

In a social post of truth on Monday, Trump described Canada a longtime price attacker, going beyond its metal threats to say that the United States will no longer subsidize Canada, and that we do not need your cars, we do not need your wood, we do not make your energy, and very soon, you will discover it.

Other longtime American allies have not escaped either.

Australia, which hoped for the same exemption from steel and aluminum prices it received during the first Trump administration, said it would not retaliate.

Australian Prime Minister Anthony Albanese described the entirely unjustified rate, but added that imposing reciprocal prices would only push prices to Australian consumers and that Australia would not impose any price on American products.

Perhaps the strongest response came from China, the largest steel producer and the second economy in the world, which had already been slapped with a coverage rate of 20% on the return from Trump, and announced new prices in return.

The Beijing Foreign Ministry has accused the United States of violating the rules of the World Trade Organization and said that it would take all the necessary measures to protect its rights and interests.

No one won in a trade war or a tariff war, a point of view widely shared by the international community, said spokesperson Mao Ning during a press briefing.

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