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The USA has excluded Steel, Aluminum, and Gold from reciprocal tariffs to alleviate cost pressure on domestic enterprises.
The White House stated that Steel and Aluminum imported products will not be affected by reciprocal tariffs, which will provide some buffer for domestic buyers in the USA.
Trump announced the implementation of "reciprocal tariff" measures, and several trade partners stated they would take countermeasures.
On April 2, the president of the USA, Trump, signed two executive orders announcing a 10% "minimum benchmark tariff" on all trade partners and imposed higher tariffs on several trade partners; The benchmark tariff rate will take effect at midnight on April 5, and reciprocal tariffs will take effect at midnight on April 9; Several trade partners have stated that they will take countermeasures, and the EU and Canada have already formulated counter plans.
Trump's steel and aluminum tariffs disrupt international trade, and it is reported that the EU plans to investigate aluminum imports.
① According to media reports, the EU may announce an investigation into the Aluminum market this Wednesday in response to the surge in Aluminum imports that may result from USA's tariff policy; ② The EU plans to tighten loopholes in the Steel import tariff system and is considering implementing restrictions on Metal exports to protect the local Industry.
Trump's "Steel and Aluminum Tariffs" have sparked public outrage! Canada has once again filed a dispute complaint with the WTO...
① Canada has appealed to the WTO regarding the USA's tariffs on Steel and Aluminum, believing that it violates the obligations of the 1994 General Agreement on Tariffs and Trade. ② The World Trade Organization announced on Thursday that it has received Canada's complaint and distributed it to WTO members on the same day.
Base Metal Prices Mixed as Markets Digest Imposition of U.S. Tariffs -- Market Talk
A major reversal in the US-Canada trade war, White House Chief Trade Advisor: There are no plans to implement adjustments to Steel and Aluminum tariffs.
President Trump of the USA originally planned to increase tariffs on Canadian Steel and Aluminum products to 50% on Wednesday, but this decision underwent a dramatic reversal in less than six hours.
