Business News - Trump Teken Import Rates of Steel and Aluminum.

Washington

• US President Donald Trump realizes his campaign promise. One of them by signing import tariffs of steel and aluminum.
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  However, Trump delivers Canada and Mexico from the tariff. Import tariffs are charged at 25 percent for steel and 10 percent for aluminum.

The US may also exclude other allies. The tariff will be valid for 15 days. The imposition of such tariffs is considered an important issue for national and domestic security.

"The strong steel and aluminum industry is very important to our national security, you do not have steel, you have no country," Trump said, as quoted from the CNBC website on Friday (9/3/2018).

Trump signed the policy in the Roosevelt Room of the White House on March 8, 2018 local time in Washington DC. It is surrounded by steel and aluminum workers.

In addition to exceptions to both NAFTA partners, the White House will also provide other countries with opportunities to justify why they should not be included.

"If the same goal can be achieved in another way, the United States will remain open to modify and remove the tariffs of each country as long as we can agree on ways to ensure their products no longer threaten our security," Trump said. great, "Trump added.

Trump added that it is very important for the US to take action against other countries that dump steel into global markets thereby sacrificing the labor sector in the US and economic status.

"Now we are finally taking action to fix this old problem," he said.

Donald Trump uses authority under Section 232 of the US Act which gives the president the ability to issue tariffs on the basis of national security concerns.

Citing the Reuters page, Canada is the largest supplier of steel and aluminum to the US welcomed the news it will not be immediately charged. But promised to keep pressing Washington until the threat of tariffs disappear.

Meanwhile, Mexican Economy Minister Lidefonso Guajardo said NAFTA's fortune was "independent" against the action of imposing tariffs on imports by Trump and should not be exposed to external pressure.

In Beijing, China's Ministry of Commerce said it firmly opposes tariffs. EU Trade Commissioner Cecilia Maimstrom says the EU is a close US ally. It should be excluded from the tariff policy.

"I will seek further clarity on this issue in the future," he said.

On the other hand US steel and aluminum industry players criticized the tariff for damaging at a higher cost "The US will be a high-priced steel island that will result in our customers simply searching for products from our overseas competitors and import them into US free tariffs," he said. write the Precision Metalforming and National Tooling and Machining Assoaciations.
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