CEO and CEO Zekelman Industries Barry Zekelman praises President Donald Trump tariffs on aluminum and steel when he emphasizes the influence on the US
US president Donald Trump 50% of the tariffs for most imported steel and aluminum came into force on Wednesday, the same day as its term for trading partners to give its “best offer” to avoid tax rates for other goods next month.
At the end of Tuesday, Trump signed an executive statement on implementation, starting from Wednesday, his announcement last week on increasing tariffs for steel imports and aluminum, which operated from March 25% to 50%. New tax came into force at 12:01
“We started 25, and then after studying the data, it became better that it was a great help, but we needed further assistance. And so 50 begins tomorrow,” said the White House Economic Advisor Kevin Joset at the Steel Industry conference on Tuesday.
Increase extends to almost all trading partners, and Britain is the only exception because it is the only country so far reached a previous trade agreement with the US during a 90-day pause at a wider array US Tariffs. Aluminum from the UK was still taxed by 25%, at least 9 July.
Trump Administrator is looking for the best countries ahead of the tariff term
On May 5, 2025, President Donald Trump accepted the reporter in the white house. (Anna Moneymaker / Getty Images / Getty Images)
About a quarter of the whole steel used in the US is imported, and the increase in tariffs is bored with a strong American trading partner of Canada and Mexico, especially the stiff data showing the data bureau. Both US neighbors occupy number one and three, respectively, in the amount of shipping in the US
Canada further influences aluminum duties as the main exporter to the United States, about twice as high as the remaining 10 current exporters. Prime Minister Mark Karnya’s Office said Canada “participated in intensive and live negotiations to remove these and other tariffs.”
Mexico Economy Minister Marcella Ebard emphasized that the tariffs were impossible and unfair, especially given that Mexico imported more steel from the United States than exports to the country.
“It makes no sense for the US to charge the tariff for a product that you have excess,” he said, adding that Mexico would look for an increase.
The US receives about half of its aluminum from foreign sources.
The US Economic Growth Forecast has dramatically shortened the tariffs
The steel coil moves at a steel plant in Hamilton, Ontario, Canada, March 12, 2025. (Photos of Reuters / Reuters)
This week, the tariff increase in the steel market and aluminum, but especially for aluminum, which is more than doubled this year. Having low power to increase domestic production, import volumes are likely to remain stable if the price does not increase.
A White House They also want trading partners to submit their proposals on Wednesday for transactions that can help them avoid Trump’s “Liberation Day” rates from entering into force next month.
Officials are actively negotiating with several countries because Trump has paused at these tariffs, but the Britain’s transaction is the only one. But even this agreement is a more previous basis for additional conversations.
Now the Trump administration seeks to reach additional transactions, only five weeks until the tariffs come into force.
The US trading representative sent letters to list its best proposals in a number of key areas, including offers on tariffs and quotas to purchase American industrial and agricultural products and are planned to solve any non -tariff barriers.
Dropped steel bars leave the casting machine inside the steel bars in Viramgam, in the West Indian state Gujarat, India, April 7, 2025. (Photos of Reuters / Reuters)
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Other requested articles include any digital trade and economic security commitments, as well as obligations concerning the country, the letter said.
Japan, a major US trade partner, has not received a letter, said a press -secretary of the Government Yosimas Hayasi at a press conference.
“As for the US tariff measures, Japan and the US are negotiating,” Hayash said. “The government will continue to fight them, doing their best and giving them a top priority.”
Reuters contributed to this report.
