How do use of 50%use? What are the rates in force and sectors at risk? Questions & Answers
On June 4, 50% of Trump’s budgets came into force on steel and aluminum. At what point are the US-EU negotiations? Which Italian products risk repercussions on exports?
1 Which are the latest used duties entered into force?
The latest duties entered into force in the United States are those equal to 50% of steel and aluminum. The new rates, double compared to the 25% applied since 2018, entered into force at 6 yesterday in Italy, midnight in Washington, and are borne by almost all countries.
2 Who was spared from the duties to 50 percent?
The United Kingdom, so far the only country to have signed the commercial agreement with the USA on May 8. Based on the London agreement, it has general bodies to 10 percent. The British government said that she had obtained the zeroing of the duties on the steel and aluminum, which were 25%.
3 What is the European country most penalized by the new rates on steel and aluminum?
The EU exports 3.8 million tons of steel to the US in the USA per year (according to data from the European EUROFER ACCRESHION), which the American industry needs for particular productions. Germany is the first European country for exports: between January and November 2024 (last available data) it has sold 840 thousand tons of steel to the USA.
4 What effects on Italy?
Italy has diversified exports and currently exports small quantities of steel to the USA. From the over 708 thousand tons of 2018, sales dropped to 287 thousand tons in 2024, according to Federacciai data. Export that has been diverted to other countries that have so far absorbed Italian production not consumed in Italy. As for aluminum, which Italy exports overseas especially as a quality semi -finished products, the quantities are not high but the duties could have an impact because, according to Assomet, the US market will not be able to absorb a further increase in prices.
5 What was the key date of the commercial war unleashed by Donald Trump?
On April 2, defined by the US President Trump the « liberation day », in which he announced the imposition of customs rates to the whole world.
6 Which other products are in the Washington viewfinder?
The products of the agri -food sector, wine, textiles, electronics and pharmaceuticals. In particular, if mutual rates were imposed, based on an analysis of Assolombarda, Italy would be penalized in rubber-plastic, transport, agri-food, chemistry and pharmaceuticals and mechanics and electronic. These sectors have a greater number of products that could undergo tariff increases in the case of imposition of mutual duties.
7 Is there a suspension?
The increase in US duties (which Trump calls « mutual rates ») was suspended by Trump himself pending negotiations with the EU and other countries such as Japan, Canada and Latin America. The suspension of the duties is valid until July 9th.
8 Which other US duties are active?
Those on cars and components and spare parts, which are 25 percent and took place respectively on April 3 and May 3.
9 What did the EU do?
The European Union on April 10 suspended the counter-dice for 90 days decided by the Commission. These measures, approved of the 27 Member States on April 9, would have entered into force on various American products on April 15.
10 Who is conducting the negotiations between the USA and the EU?
For the European Union, the manager is the Commissioner for Commerce Maros Šefcovic, Slovak diplomat. For the United States, the representative to the US trade, Jamieson Greer, lawyer and expert in commercial policy who is head of the Ustr (United States Representative Trade). The two met and spoke yesterday in Paris.
11 When will the next meeting be between the United States and the EU?
The date has not been set, but today – June 5 – German Chancellor Friedrich Merz will be in Washington to meet Donald Trump for the first time. Among the dossiers on the table there are also the duties.
© RESERVED REPRODUCTION
