Donald Trump signed the decree that imposes tariffs on steel and aluminum and China already charges rates to products from the United States

The commercial war launched by Donald Trump since he arrived at the White House scale on all fronts: the president of the United States imposed on Monday a drastic rise of steel and aluminum tariffs for all countries while China already placed import rates to importation About US products. The tycoon signed the decree on Monday.

Trump signed a decree that imposes a 25% tariff on all steel and aluminum imports from the United States, a measure that strongly hits its neighbors such as Canada and Mexico and also countries in the region such as Brazil and Argentina that are among the main suppliers of these strategic materials.

“All steel that comes to the United States will have 25% of rates,” Trump had already anticipated journalists on Sunday night, while flying back from New Orleans after witnessing the Super Bowl, the American football final. “Aluminum too,” he added, placing several countries on alert for the possible impact of this move.

Finally this Monday, he formalized the measure with the signing of an executive order. “Today I simplify our tariffs on steel and aluminum,” Trump said in the Oval Hall as he signed the decree. “It is 25%, without exceptions or exemptions “, He added.

He also said he analyzed imposing additional sanctions on cars, pharmaceutical products and computer chips.

During his first term, Trump had also imposed 25% tariffs on steel and 10% to aluminumarguing that they were vital metals for national security. But later he granted tax -free fees to several commercial partners, including Canada, Mexico, Brazil and Argentina, with some conditions. But those arrangements were not immediate and caused many complications to exports.

In fact, import taxes from the European Union (EU) They did not resolve until the Biden administration assumed the White House.

Trump banished expectations when clarified on Monday that no country would receive exemptions.

The announcement occurs shortly after Trump applied 25% of tariffs to all products from Mexico and Canada last week, although he then postponed the measure for a month when Mexican and Canadian governments agreed to militarily reinforce their borders to curb the immigration and fentanyl traffic.

An image of the Financial District of Beijing (China). Photo EFE

And also after the 10% rise to all imports from Chinain theory because the Chinese government did not stop the Fentanyl flow, a decision that unleashed the reprisal of Beijing.

China’s response

Precisely this Monday, the measures imposed by China in replica were in force on Trump’s: include a 15% border tax on imports of American products Specific such as liquefied coal and gas. Also a 10% tariff on American crude oil, agricultural machinery and large displacement cars.

Also the Chinese authorities They launched an antitrust investigation into the technological giant Googlewhile PVH, the American owner of the Design brands Calvin Klein and Tommy Hilfiger, was added to the list of “little reliable entities” of Beijing.

China too imposed export controls of 25 rare metals, such as Tungsten, some of which are key components for many electrical products and military equipment.

Beijing acusó a Washington de make “unfounded and false accusations” About his role in fentanyl synthetic opioid trade to justify the measure. In a complaint filed with the World Trade Organization, China said that taxes on imports from the United States were “discriminatory and protectionists” and violated commercial rules.

Trump was expected to talk to his Chinese counterpart, Xi Jinping, in recent days, but the US president has said he had no trouble. Some experts estimate that, although China is not an important exporter of steel and aluminum to the United States, The measure can also be a lifting shot to Beijingwhich has the dominance of the steel and aluminum industry globally.

In these times it has excess of those metals, which resulted in an international decrease in the price, something that worried US steel sectors.

In his dialogue with journalists, Trump also suggested without giving details that other countries would also receive tariffsa campaign promise to impose rates at the same level that are imposed on American products. The Chief of the White House has repeatedly complained that European Union tariffs on cars imports from the US are much higher than US taxi.

Trump’s tariff policy Cause concern among experts They warn that, beyond the impact on global trade, the ruling rise could hit the pocket of the Americans by the price rise of the products involved.

For example, Trump imposed a 50% tariff on washing machine imports in 2018 and the researchers estimated that their value increased around 12% as a direct consequence of the measure. That meant that American consumers paid around 1.5 billion additional dollars per year in total for these products.

By Editor

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