New tariffs, he said, will begin to operate on June 4.
The head of the White House called the signing of tariffs “great honor” and “significant impetus for good news” for American metallurgists.
“Our steel and aluminum industry is reviving as never before,” Trump said.
In his appeal on May 30 at the US Steel plant near Pittsburgh (Pennsylvania), which broadcast the White House on YouTube, Trump said that he wanted to increase tariffs to 40%, but the industry managers told him that they wanted to introduce a tariff of 50%.
Last time, Trump raised the tariffs for the import of steel and aluminum in February.
Context
After taking office, Trump introduced duties for more than 60 trading partners, using them as a pressure lever in trade negotiations, Politico recalled. In particular, duties on goods from Ukraine were set at 10%.
The highest duties were introduced against China – at the level of 145%, China took a number of response measures.
Trump first introduced duties at 20%against the European Union, and then announced plans to increase them to 50% Since June 1, calling the EU “an extremely complex partner.” After negotiations with the EU leadership, he decided to postpone the introduction of 50 percent duties until July 9. By this time, the parties will try to conclude a trade agreement.
The US Exposol in the EU told BBC News that Trump intentionally uses such an unpredictable approach to setting tariffs to quickly reach transactions. “How to make someone so slow, like the EU, do something now? You introduce a 50 percent tariff for them, and suddenly the phone starts to call, ”he explained. For this approach, traders They came up with the term Taco – This is the abbreviation from Trump Always Chickens Out (“Trump always gives the back”). When the US president was asked about this term, he said that for him this is a “most unpleasant question”, because they usually say that he is not retreating, but ” Too strong. “
