Trump says US to reimpose tariffs on steel and aluminum from Brazil and Argentina
2019-12-03 16:46:14 [Print]
President Donald Trump announced on December 2 that the US will resurrect tariffs on all steel and aluminum imports from Brazil and Argentina at once.
Trump took aim at both nations on Twitter, claiming that the devaluation of their currencies was hurting American farmers.
The White House and the USTR have yet to make relevant statements.
In March 2018, Trump announced that he decided to impose tariffs of 25% and 10% on imported steel and aluminum products respectively, saying that the imported steel and aluminum products endanger the "national security" of the US. Some countries, such as South Korea, Brazil and Argentina, subsequently agreed to impose quota restrictions on steel or aluminum products exported to the US in exchange for tariff exemptions.
The decision was strongly opposed by the international community. EU, Canada, Mexico and other economies have taken countermeasures against US steel and aluminum tariffs, and filed a complaint to the WTO dispute settlement mechanism.
Trump took aim at both nations on Twitter, claiming that the devaluation of their currencies was hurting American farmers.
The White House and the USTR have yet to make relevant statements.
In March 2018, Trump announced that he decided to impose tariffs of 25% and 10% on imported steel and aluminum products respectively, saying that the imported steel and aluminum products endanger the "national security" of the US. Some countries, such as South Korea, Brazil and Argentina, subsequently agreed to impose quota restrictions on steel or aluminum products exported to the US in exchange for tariff exemptions.
The decision was strongly opposed by the international community. EU, Canada, Mexico and other economies have taken countermeasures against US steel and aluminum tariffs, and filed a complaint to the WTO dispute settlement mechanism.
Aluminum Scrap Profile Al 91%min Ex-VAT Delivered China
Unit:RMB/mt
China secondary aluminum alloy producers' sales to production ratio statistics by province by month
Unit: %
