The US President had already announced them, and Donald Trump has now issued special tariffs on all steel and aluminum imports. In addition, he is considering further tariffs.
As announced, US President Donald Trump has launched tariffs on steel and aluminum imports. “They are 25 percent without exceptions or exemptions,” said Trump in the White House. He is considering an exception to Australia for steel tariffs.
Trump signed two decrees with which the exceptions and exemptions from his tariffs introduced in 2018 were lifted on steel. The orders are to come into force on March 12, before that there was also talk of March 4. “This is a big deal,” said the US President. In this way, America will be rich again. Trump also indicated that he is considering the introduction of additional tariffs to cars, medicines and computer chips.
Possible exception for Australia
Trump based on the tariffs with a US trade surplus towards the state. “And the reason for this is that you buy a lot of planes. They are quite far away and need a lot of planes,” said Trump.
According to Australia’s Prime Minister Anthony Albanese, Trump had previously “approved that an exceptional regulation in the interest of our two countries was considered”. In a phone call with the US president, he campaigned for Australia to be excluded from the impending tariffs on steel and aluminum, said Albanese.
Trump announces against tariffs
The US President also announced that they want to announce plans for the introduction of counter-tariffs to other countries in the next two days. In an interview with FOX News, Trump said that other countries had been raising tariffs from the United States for years. “It is not fair that other countries have exploited us for so many years and now we suddenly no longer be able to raise tariffs.”
In the TV interview, the US President emphasized that he would announce a “very sophisticated plan” for the counter-tariffs. He didn’t mind if other countries should take retaliation.
EU sees no justification for tariffs
The US President had previously announced the tariffs to journalists with the Air Force One during a flight. You should affect all countries. Exceptions would also not apply to the neighbors Canada and Mexico.
After Trump’s announcement, the European Union warned of the introduction of taxes. “The EU sees no justification for the imposition of tariffs to its exports,” said the EU Commission in Brussels responsible for trade policy. “We will act to protect the interests of European companies, employees and consumers from unjustified measures.”
Reactions of German companies at the announcement of the customs announcement by US President Trump for EU products
Commission chief Ursula von der Leyen emphasized that the imposition of tariffs would be “illegal” and “economically counterproductive” from the EU’s perspective. “With the introduction of tariffs, the US government would tax its own citizens, increase the costs for companies and heat inflation,” the explanation said. In addition, tariffs reinforced economic uncertainties and disrupted the efficiency and integration of global markets.
In his first term until 2021, Trump also introduced additional taxes on steel and aluminum. At that time, the EU reacted to selected US products, such as jeans, whiskey and motorcycles.
If Trump activates the tariffs again, a reaction from Brussels should follow quickly. Bernd Lange (SPD), Chairman of the EU Trade Committee, told the ARD studio Brussels: “This automatically leads to re -establishing the countermeasures on April 1.”
