All affected countries – Trump announces rates of 25% on steel and aluminum

They should influence all countries, Trump continued. There are no exceptions, even for the neighbors Canada and Mexico. Moreover, Trump wants to introduce ‘mutual rates’ by him.

Also “mutual rates” planned “
Canada and Mexico are connected to the United States by Free Trade agreement Nafta. Trump also stated during the flight to the Super Bowl, the American football final that he would announce “mutual rates” (mutual taiffs). This means that the US would increase import duties on products if another country imposes rates on American goods. “Simply put: if you calculate something for us, we will charge you something,” said the American president.

To the question by a reporter, when the mutual rates should come into effect, Trump replied: “Almost immediately.” .

The Commercial War was initially averted
It was only at the start of the week that a North -American trade war was initially averted with uncertain consequences for the world economy. Trump, only a few hours before the endangered punitive rates of 25 percent of goods from neighboring countries Mexico and Canada, attended concessions, especially for border security. For this he used the trade restrictions for at least 30 days.

With regard to the economically powerful rivals China, the US president did not leave himself: punitive rates of ten percent of all Chinese goods were entered into force on Tuesday.

After his return to the White House on January 20, Trump had also renewed his customs obligation for the European Union. Trump wants to strengthen the United States as a production location and reduce the trade deficit with Europe.

EU resolutely to act
The EU had recently demonstrated that he is Trump at a top in Brussels. The German Chancellor Olaf Scholz and President of France Emmanuel Macron announced European countermeasures if the United States have collected additional rates on EU goods.

EU diplomats said that the European Commission had long ago prepared potential countermeasures. During Trump’s first term, the EU had new taxes against steel and aluminum products from Europe to Bourbon Whiskey, Harley-Davidson Motorcycles and Jeans. How strong the EU responds this time must depend on the concrete decision of Trump.

New rates for import from Europe would be a deep blow, especially for the German economy, which has shrunk for two years in a row. The United States is the most important sales market for German exporters. The German economy is again closely linked to the Austrian industry. Economists fear a trade war between the US and the EU.

India goes to Trump
Indian Prime Minister Narendra Modi, according to information from government circles in Neu-delhi, apparently prepares extra tariff reductions for his meeting with Trump. The measures are intended to encourage US exports to India and to prevent a possible trade war, according to the insiders. Interest cuts are influenced in at least a dozen sectors, including electronic, medical and surgical devices and some chemicals. The early visit modes should avoid a “trade war situation between the US and China”, it was said from government circles.

Trump had previously described India as the “very large beneficiary” of the trade and emphasized that the country should buy more security equipment produced in the US to achieve fair bilateral trade relationships. The Indian prime minister is expected in Washington on Wednesday and Thursday. The United States are the largest trading partners in India. The trade relationships between the two countries have grown steadily in the last ten years.