INTERNATIONAL NEWS by Mr.Marcos
Leaders from Europe and Canada expressed their intention to challenge Donald Trump‘s plans to impose tariffs on steel and aluminium exports.
The president of the European Commission, Ursula von der Leyen, said the measure would lead to “strong and appropriate contracted,” while first -minister Justin Trudeau also pledged to “defend” workers and Canadian companies. Donald Trump Says No Exemptions With Metal Tariffs To Start In March
These observations followed the US President’s decision to implement an import tax of 25% on all steel and aluminium entering the country, removing previous exemptions to allies such as Canada and EU and significantly expanding commercial restrictions.
Trump argued that the measures aimed to “simplify” the rules and would stimulate domestic production.
This is an important step, the beginning of making America prosperous again, Trump said, signing the proclamation, which said the measures would come into force on March 12.
Our country needs steel and aluminium produced in America, not in foreign nations, he added. The US is the largest importer of steel globally, with Canada, Brazil and Mexico being its main suppliers.
Last year, Canada made more than half of the aluminium imported aluminium in the US alone. The cost of bringing these metals into the US in tariffs will increase, which will increase concerns between American businesses, which depend on imports, as well as among global leaders, as it is in the world’s largest economy for companies Will make a price for selling products.
If the tariff is implemented according to the plan, Canada is expected to be the most affected. Late Monday night, Canadian Innovation Minister, Francois-Filip Champagne described Tariff as “completely inappropriate”.
Prime Minister Trudeau hoped that negotiations with the Trump administration could prevent a retaliatory response based on a dollar-dollar.
However, the lobby group representing Canadian steel producers urged the Canadian government to take immediate action against the US in vengeance. Kodi Bliss, a prominent MP of Canada’s ruling Liberal Party, indicated that the country was finding ways to reduce their trade dependence on America.
Prior to the official announcement, “This is a very strong partnership which is a very strong partnership.”
European Commission Chairman Ursula von Der Leyen also warned that “unfair tariffs on the European Union would not go unanswered.”
He said, “They will promote firm and appropriate counteractors. The European Union will protect its economic interests,” he said. “Tariffs are – harmful to businesses and worse for consumers.”
The Trump administration officials said the latest measures were designed to prevent the tariffs from ignoring tariffs by channels of cheap products through other countries like China and Russia. The US President announced the new rules, which “melts and insert” and aluminium requires “throat and cast” within North America.
Nick Eco vela, a spokesperson of coalition for a rich America – represents a group that represents steel manufacturers, supporting tariffs on a sharp increase in steel imports from Mexico, which exceeds the limitations prescribed in 2019.
However, he reported that Canada exports much more goods to the US than imports, contributing to a trade imbalance that has been a major focus to Trump.
He said, “There are still inequalities in trade relations between Canada and the United States that need to be addressed,” he said.
He added, “I don’t believe that they intend to take a blanket approach on the issue, but at least now, the President indicates that both Canada and Mexico are exploiting their business relations with America. Are, and action can be taken.
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