Trump’s new duties: The US President signed a decision on Monday, February 10 25 % objective for import steel and aluminum. The White House announced that the duties will concern all the world of the world, without any exceptions. Donald Trump warned that if the countries took retaliation, the US would answer and again the sublime duties. Additional duties on the import of steel and aluminum hit the largest suppliers of these metals to the US, i.e. primarily in Canada, Brazil, Mexico and South Korea. He will also feel the effects of the increase European Union. The new regulations will come into force March 4.
“National security”: White House’s commercial advisor Peter Navarro reported that the new duties are to strengthen domestic production and secure the steel and aluminum industry as “pillar of the industrial part of the economy and national security”.
What will the European Union do? The head of the French Ministry of Foreign Affairs Jean-Noel Barrot announced that the European Union will react to the latest duties of Trump. In his opinion, the EU should apply identical duties on the United States. – The commission is ready to press the triggerwhen the time comes. Now this time has come. Starting a trade war with the European Union is nothing interest – said Barrot.
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Source: Gazeta
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