The US will apply 50 percent duties on steel. Trump's decision caused applause in Pittsbourg
Speaking At a rally in Pittsburgh, Pennsylvania, Trump said that this step would help strengthen the local steel industry and domestic production, at the same time reducing dependence on China.
Trump also said that $ 14 billion will be invested in the production of steel in this region by “parishness” of the US Steel z Japanese company Nippon Steel. The details of the “partnership” are still unclear, although Trump praised this contract – says the BBC.
Donald Trump doubles duties on the steel. This movement will also indirectly affect Poland
In February, Donald Trump signed a regulation under which the introduced was restored In 2018, duties on imported steel from all countries and increase the duties on aluminum from 10 to 25 percent. In practice, this means that the duties on steel and aluminum will affect Canada, Mexico, Brazil, the European Union, Japan and Great Britain, which were excluded by Joe Biden from the duties announced by Trump in 2018.
The value of exports of steel and aluminum covered by the EU duties to the USA in 2023 amounted to EUR 11.5 billion, which corresponded to 2 percent. total exports to the United States and 0.4 percent total EU exports to third countries – reports trade.gov.pl. The portal reminds that direct exports of steel and aluminum from Poland to the USA are of little importance for the national sector – it is only 1.3 percent exports of Polish steel and aluminum products. However, in the long run, Donald Trump's decision may have bad effects for us – Steel and aluminum exports to the EU are almost 5 percent Poland's export values to the Union. And Trump's duties will weaken the demand for steel and aluminum on European markets.
A week ago on Saturday, Donald Trump, after talking to the chairwoman of the European Commission Ursula von der Leyen, withdrew from an earlier threat of immediately introducing 50 %. customs duties on goods from Europe. “I received a phone call today from Ursula von der Leyen, chairwoman of the European Commission, asking for an extension of the deadline on June 1 to 50 percent customs duties in relation to trade and the European Union. I agreed to extend – until July 9, 2025 – I had the honor to do it” – wrote Trump on May 25 on his social media profile.
