Washington (Reuters) -US President Donald Trump said on Friday that he planned to bear 25% customs duties on steel and 50% aluminum.
“We are going to impose an increase of 25%. We are going to bring the customs duties imported to the United States from 25% to 50% to 50%, which will further protect the American steel industry,” he said during a rally in Pennsylvania.
Donald Trump made these announcements during a speech in a steelworks near Pittsburgh in Pennsylvania, an industrial state of the “rust belt” (“rust belt”).
He later said that customs duties imposed on aluminum imports would also be up to 50% and that these measures would come into force on June 4.
“Our steel and aluminum industries are reborn like never before,” the American president wrote on his Truth Social network.
The European Commission reacted on Saturday, saying to regret “strongly” the American announcements.
“This decision adds additional uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,” said a spokesperson in a statement, adding that “the increase in customs duties also undermines the efforts to achieve a negotiated solution”.
Donald Trump signed decrees in February significantly related to customs of steel and aluminum imports in the United States, also eliminating the exemptions enjoyed by the main supplier countries of these products.
(Jeff Mason, written by Chris Sanders; Camille Raynaud and Zhifan Liu)
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