Trump has put into effect a significant raise in tariffs on aluminium and steel, increasing the rate to 25% without exceptions or quota deals. This decision, effective from March 4, affects numerous imports from key countries like Canada and Mexico. Trump indicated further announcements on reciprocal tariffs against countries imposing duties on U.S. goods. In response, European Commission President von der Leyen criticized the move, warning of potential countermeasures from the EU which could reactivate previously suspended tariffs on American products.
Tariffs imposed by the U.S. on metals, raising rates significantly and simplifying regulations, may lead to retaliatory measures from European countries.
Ursula von der Leyen expressed deep regret over U.S. tariffs, stating they are harmful to business and consumers, hinting at potential countermeasures from the EU.
Trump’s declaration to impose reciprocal tariffs on any country that imposes duties on U.S. goods indicates a potentially escalating trade conflict.
With U.S. tariffs now set firmly at 25% for all countries, the clarity of the situation means no exceptions or exemptions, aiming for simplicity.
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