The World Trade War is intensifying while American prices on steel, aluminum imports launch | Donald Trump News

American steel and aluminum tasks draw rapid reprisals from the main business partners.

The prices on all imports of steel and aluminum in the United States entered into force, intensifying the world trade war launched by President Donald Trump.

Trumps' prices on metal imports entered into force on Wednesday, acting 25% without exception or exemptions. Trade partners were quick to express objections, with some reprisals announcing quickly.

The prices have come into play as exemptions, service quotas and exclusions of products expired. In addition, the aluminum obligation was noted by 10%.

Distinct prices have been taken from Canada, Mexico and China, with imports for imports from the European Union, Brazil and South Korea also by invoicing reciprocal rates from April 2.

Trump said taxes will help the American metal sector and create jobs. However, its level threats of level routes shake the markets, which raises fear of an economic slowdown and threatening to increase prices for consumers.

The European Commission responded almost immediately while the prices came into play, announcing meter tasks on 26 billion euros ($ 28 billion) of American goods from next month.

This corresponds to the economic scope of American prices, Ursula von der Leyen, president of the European Commission, said in a statement, adding that the regime would be imposed in two stages and will be fully implemented by April 13.

The head of the EU executive has also reiterated the conviction of the blocks that Trumps pushes to reverse global trade standards is damaging to Western unit in the face of increasing challenges.

We will always remain open to negotiations, she said. We firmly believe that in a world loaded with geopolitical and economic uncertainties, it is not in our common interest to load our economies with prices.

Canada, the largest foreign supplier of steel and aluminum in the United States, said it was considering reciprocal actions.

The British business and business secretary Jonathan Reynolds said all the options were on the table to respond in the national interest.

In Australia, Prime Minister Anthony Albanese denounced this decision as entirely unjustified and against the spirit of our two nations, but excluded the duties of Tit-For-Tat.

Meanwhile, two leading South Korean Steelmakers have announced that they were planning to invest in new facilities in the United States, supporting Trumps claim that its prices encourage foreign investments in the country.

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