Trump’s punishment for steel and aluminum has also been valid for Europe since midnight

The hope of some Europeans that Donald Trumps Threat, Steel and aluminum imports with a Fellowship It has not been fulfilled by 25 percent to prove that the U.S. government’s current lover course could go under.

As the White House reaffirmed, there are said punitive measures, of which the European Union will be affected as planned on Wednesday night. Trump justifies the step with the fact that steel and aluminum imports of the United States are detrimental to the USA. “In accordance with his previous implementing regulations, a custom of 25 % of 25 % on steel and aluminum without exceptions or exemptions for Canada and all of our other trading partners comes into force on March 12,” said the spokesman for the White House, Kush Desai.

This is only the case with Canada at the moment. On Tuesday morning, Trump threatened to double the Customs to Canadian metals from 25 % to 50 % – as a retaliation for the announcement of the province of Ontario, an export tax from 25 % to electricity for the USA. Canada, the most important supplier of steel and aluminum from abroad for the USA, would have hit this hard.

During the day, the Prime Minister of Ontario agreed, Doug Fordand Trump’s Minister of Commerce Howard Lutnickto suspend electricity tax and in return to leave the steel and aluminum tariffs at 25 %. On Thursday, both sides want to negotiate a new trade agreement that would also affect Mexico. Otherwise, from April 2, the nationwide introduction of mutual tariffs will face both countries.

The EU would also be affected. Trump wants the United States to raise customs duties everywhere, where they demand less today than their respective trading partners.

No more trust in Trump

Trump’s strong focus on punitive tariffs As a means of economic policy, the trust of investors, consumers and companies has so sustainably shaken the trust of investors, consumers and companies that economists fear a recession.

A fresh survey of small businesses shows that the mood has further deteriorated. The thrust after Trump’s election victory on November 5, 2024 was fully consumed, it is said. A New York Federal Reserve survey showed that consumers are increasingly pessimistic about their finances, the labor market and inflation.

In contrast, the US steel industry praises Trump’s politics. “The revised customs tariff will ensure that steel manufacturers in America can continue to create new, well -paid jobs and make larger investments in the knowledge that they are not undercut by unfair trade practices,” said Philip BellPresident’s Steel Manufacturers Association.

EU announces retaliation

Die EU Commission reacted immediately and announced that they want to raise extracolks on US products such as whiskey, motorcycles and boats from April.