Trump introduced duties on steel and aluminum
US President Donald Trump signed a decree on the introduction of import duties on steel and aluminum, reports CNBC. The tariffs will be 25 percent for steel and 10 percent for aluminum. The US partners in the North American Free Trade Association (NAFTA) Canada and Mexico withdrew from the decree.
Trump noted that other states could be eligible for exceptions if they could prove why they should not be subject to restrictive measures. "We are ready to show great flexibility," the US president said.
The head of state added that measures against states that are dumping at the US metal market had to be used long ago. According to him, the introduction of duties is a protection of national interests.
At the same time, Trump stressed that the exceptional position of Canada and Mexico is also not final. The US president made it clear that the position on the US neighbors will depend on the success of NAFTA reforms.
On March 7, European Trade Commissioner Cecilia Malmström said that the European Union can set reciprocal tariffs on American products within two months. In the list of products against which duties can be introduced, steel, bourbon, peanut butter and orange juice have fallen. The document has already been submitted for discussion to the governments of the EU member states for its possible expansion.