In the US, 25 % duty on all steel and aluminum imports came into the US
12. Mar 2025 at 6:16 I Updated at 6:27
The risk of a broader business conflict increases.
Washington. In the United States, 25 % duty on all steel and aluminum imports came into force, agencies report.
His increase has been decided earlier US President Donald Trump. He excluded the exceptions and the White House announced on Tuesday that the planned duty will come into force today.
A day earlier the Republican President canceled the plan to double duty On the import of steel and aluminum from Canada to 50 percent. It also applies to Canada 25 % duty.
The risk of a broader business conflict
Trump responded to a CLA increase against his northern neighbor to introduce a 25 % surcharge to the price of electricity exported to the United States. However, Prime Minister Ontaria Doug Ford announced on Tuesday the suspension of this surcharge. He did so after an interview with American trade minister Howard Lutnick.
The White House spokesman later said, according to Reuters, that from today, the originally planned 25 % CLO on the import of steel and aluminum from all countries will come into force.
Trump announced the introduction of this duty in February. According to his administration, the measure will support the production of steel and aluminum in the US. At the same time, it increases the risk of a broader business conflict, Reuters said before.
The World Trade War began. Trump imposed duties, the actions dropped sharply Read
Australia did not get an exception
At one point, the President admitted that he would consider the exemption for Australia with regard to the US's annual trade surplus with this country. In the end, he did not.
« He thought about it and decided, » said White House spokeswoman Karoline Leavitt.
According to Reuters, Australian Prime Minister Anthony Albanese described Trump's decision as unfounded, but he responded by announcing that Canberra would not make reciprocal duties in the US. According to him, the mirror reaction would only raise prices for Australian consumers and encourage inflation.
« This is not an act of friendship, » Albanese told reporters after the White House excluded the opportunity to grant Australia an exception to duties.
« Obviously, this is not a positive step in our relationship. The decision of US President Donald Trump to intervene Australia as a close ally was completely unfounded, » he continued.
« This is contrary to the essence of our two countries supporting friendship. Friends need to act in a way that will strengthen our people that we are friends, » he added.
According to Albanese, duties and escalating commercial tensions are a form of economic self -harm and a recipe for slower growth and inflation.
Negative consequences for US businesses
According to the latest data, approximately a quarter of the steel used in the US industry is imported. It is more than 40 percent for aluminum. For secondary aluminum, which comes from recycled material, this number is even higher.
Economists expect higher import costs to increase the production costs of many US industrial enterprises. Customers threaten to increase prices and the decline in the competitiveness of US companies abroad.
