Last year Euskadi exported aluminum and steel to the United States worth 385 million euros. There are many companies that are hit by the new Trump rates, such as Sidenor, Arcorormittal, Tubacex and collected tubes.
The US President, Donald Trumpannounced that on Friday duty The steel imports imposed last March will increase from 25 % to 50 %. At first he thought about raising these levies to 40 %, but industry leaders asked him to rise to 50 %
These rates are of great importance for Basque industry made of metal, Because, after Germany and France, the United States is the third destination for Basque export.
Last year, Euskadi exported aluminum and steel at the value of 385 million euros.
There are many companies that would be hit by the new Trump rates, such as Sidenor, Arceormittal, Tubacex – What mostly produces in the US today. Collected pipes – In this case, the measure is mainly disturbing because of the dependence on the American market, where half of the turnover was released last year.
The company has two factories in the CAV, one in Tradaran and another in Amurrio. About 500 employees work in the latter and had a work rule file last year. We will have to see the impact of Trump’s last decision on the company.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
