Trump's decision to raise tariffs under Article 232 on steel to 50% is strongly criticized by the international community
Speaking at a rally in Pittsburgh on Friday, May 30, US President Donald Trump said Section 232 tariffs applied to all steel and aluminum imports would be raised to 50 percent from 25 percent effective this Wednesday to help the domestic steel industry.
Trump's decision was met with sharp criticism around the world. The Canadian Chamber of Commerce said the price increase was "contrary to the economic security of North America," while the Canadian organization United Steelworkers viewed the price increase as a direct attack on Canadian industry and workers. The European Commission, on the other hand, said Trump's move "undermines ongoing efforts to reach a negotiated solution," recalling that the European Union had suspended tariffs on U.
S. imports to facilitate negotiations. A representative of the European Commission said that Europe is ready to take retaliatory measures.
Trump also accused China of violating the tariff waiver agreement reached at recent trade talks in Geneva, without giving a reason. The Chinese Ministry of Economy has denied Trump's claims, saying that while China has fulfilled its part of the agreement, the US has imposed some "discriminatory restrictions."
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Steelorbis.com