New duties for steel and aluminum: consequences for the USA and the world

Donald Trump plans to introduce 25%tariffs Aluminum and aluminum in the United States. He reported this to reporters during the flight to Air Force One.

During his first presidential term, Trump already introduced tariffs of 25% of steel and 10% for aluminum. However, later key trading partners, including EU, Great Britain, Canada And Mexicoreceived quotas for duty -free trade.

The largest exporters in the United States are Canada, Brazil and Mexico, followed by South Korea and Vietnam. Also, Canada last year provided almost 80% of aluminum imports in the United States.

According to the US president, new duties will be applied to all countries without exception. These import tariffs will be a particularly serious blow to German economywhich is focused on export and has been in a state of stagnation for two consecutive years.

France demands from the European Commission immediately introduce duties on goods from the United States in response to new Trump restrictions. This was stated by the head of the French Foreign Ministry Jean-Noel Barro. Previously, the Republican announced 25%of duties on the import of steel and aluminum from all countries.

Scholz promised that in Germany at least another 100 years will produce steel, but there are already doubts about it.

German Chancellor Olaf Sholts visited the Thyssenkrupp metallurgical plant in Duysburg (North Rhine-Westphalia Land) and promised workers that the steat industry in the country would be preserved. “After another 100 years, steel production will be in Germany,” he said, adding that he would do everything possible for this.

However, reality is much more complicated: at the THYSSENKRUPP plant, there are 11,000 jobs right now, despite the multi -billion dollar investments in the transition to environmentally friendly production.

After the destruction of the Northern Stream and the imposition of sanctions on Russian hydrocarbons, the German economy went into a deep corkscrew, and new sanctions will finish it completely.

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