Trump’s trade policy
USA extends steel and aluminum tariffs to hundreds of products
At the beginning of June, US President screwed the tariffs up to steel and aluminum products. Now there is an extension – with consequences for importers.
The US government under President Donald Trump has occupied hundreds of additional products with steel and aluminum tariffs. In the 407 shopping categories, tariffs of 50 percent have been included in the amount of 50 percent for the beginning of the week, as can be seen from a corresponding message from the commercial register.
Among the products are motorcycles and mopeds, door and window frames, sports equipment, crane vehicles and railway wagons. Another 60 product groups would still be checked.
Customs are aimed at the respective steel and aluminum proportion of the products
For importers, the tariffs on the new product categories could mean a significant additional effort: In contrast to the previous tariffs on steel and aluminum imports, which generally apply to the industry, the new surcharge among the now announced product categories is aimed at the respective steel and aluminum share. It is unclear who has to determine the proportion – importers are usually responsible for the correct explanation of the customs authorities.
At the beginning of June, Trump screwed up the tariffs on steel and aluminum imports to 50 percent – before that it was 25 percent. Recently, the US President for steel imports promised even higher rates to motivate companies to produce in the United States.
Dpa
Source: Stern
