Trade war increases as much as 25% metal metal metal produced

The tariffs imposed by the US Donald Trump president of imported steel and aluminum earned one step likely to waste American tensions.

The measure raises a flat-duty steel and aluminum to enter the US to 25% and ends all countries exit the levies.

Many countries, including UK and Australia, tried to secure Carve-Out without success. Some, including Canada and European Union, say that they will take revenge.

Trump hopes that tariffs will improve steel and aluminum production but critics say rise in prices for growth in the US and economic growth.

The American Iron Iron Institute (AII), a group that represents US dealers, welcomed tariffs say they make jobs and develop domestic steel manufacturing.

The President’s President Kevin Dempsey says the step closes a system of exemptions, exclusivions and quotas allowing foreign producers.

“The AII applied the President’s actions to restore the integrity of steel tariffs and implementing a strong program to resolve the uneven trade criteria,” Mr Dempsey added.

The US is an important sponsor and steel, and Canada, Mexico and Brazil is one of the largest suppliers of metals.

Some countries immediately respond.

UK Minister Jonathan Reynolds said he was disappointed and “all options were on the table” to respond to national interest.

The European Commission said in a statement that has imposed opponent tariffs of 26 billion euros (£ 21.9bn, $ 28.3bn) value of US items.

Australia’s Prime Minister Anthony Albanese, says Trump Administration’s decision to continue with new tariffs “completely unreasonable”.

“This is against the Spirit of our two nations of sustainable friendships and basis with the benefits of the benefits we have given in the economy over 70 years,” he added.

Albanese, who seeks to secure an exemption of tariffs, as well as Australia does not impose revenge duties because such steps leave prices for Australian consumers.

Meanwhile, the Minister of Energy in Canada, Jonathan Wilkinson, speaking of his retaliation country but increased that Canada did not look at the development of tensions.

Canada, is one of America’s closest partners, and the largest exports of steel and aluminum in the US.

Tariffs mean businesses that US likes to bring metals to country must pay a 25% tax on them.

It is likely to lead to higher costs for many US industries, including aerospace, car making and building.

Michael Dimarino runs Linda Tool, a Brooklyn company that makes parts for the aerospace industry. Everything he did involve some kind of iron, which was great from American mills.

“If I had a higher price, I passed it to my customers. They had a higher price, they passed it to the consumer,” Mr. Dimarino added that those who have been blessed with the risk of running risk of risking risk.

The American American policy council, a group representing car giants such as Ford, General Motors and Stellantis, also echoed such concerns.

“We still have reviewed and waiting for all the details of the proposed tariff, but it is concerned that the exceptions for our suppliers,” says Matt Blunt, the President of the Organization.

Some economists warn that tariffs can help US steel and aluminum industries but hurt the larger economy.

“It protects steel and aluminum industries

Fear of economic cost of Trade’s Trade Tariffs traded A US & Global Stock Markets facilitating this week after the US president refused to rule the hope of an economic shrinkage.

The S & P 500 Index of the maximum firms listed in the US falls in an additional 0.7% on Tuesday after the drop in a day drop since December.

The UK’s FTSE in the UK in the UK, referred to the lower on Tuesday, fell further and closed over 1%. French CAC 40 Index and German Dax follow the similar pattern.

Meanwhile, the economic economic economy, Oxford’s economy, says a report that it lowered the economic economic growth in Canada and Mexico.

“Despite the depletion, we still look forward to the US economy out of the other major economies in the next few years,” in addition to its report.

“The uncertainty around the road for US tariffs is higher than before”.

Earlier on Tuesday, the US and Canada eroded from blin to a great growth in trading war.

That’s after Trump he stopped a plan to double US tariffs in Canada Steel and metal imports by 50%, hours threatening them.

The action of the President arrived after the Ontario of Ontario province in Onatario was newly cases 25% of the electricity sent to some US Northern States.

Despite the CLEGOWN, Canada still faced 25% Trump’s tariff of steel imports and aluminum already done.

Michelle Fleury’s further report in New York