The Trump administration extended 50%levies, including from heavy machinery to wind furniture and turbines.
The government of USA expanded the scope of steel tariffs and al aluminum To include hundreds of items considered “derived products” of these materials, such as babies chairs, heavy machinery, wind turbines, furniture and cars.
The decision, announced on Tuesday by the Department of Commerce and published in the Federal Registryimplies that the taxes of 50% that govern steel and aluminum – vigents since Donald Trump returned to the White House at the beginning of the year— They will also apply to the content of these metals in 407 new categories of goods.
“Today’s action closes ways for the evasion of tariffs and drives the United States steel and aluminum industries,” he said Jeffrey KesslerUndersecretary of Commerce for Industry and Security.
China Steel.webp
Scope and impacted sectors
Among the products achieved They appear wind turbines and their parts, mobile cranes, bulldozers, compressors, pumpsfurniture, cars and other industrial goods. The measure entered into force on Monday and reinforces the protectionist bias of Trump’s commercial policy, which had already applied tariffs of up to 10% to almost all commercial partners and more magnitude to economies such as the European Union and Japan.
Initially, the president had set a 25% lien to steel and aluminum, but in June he decided to double it up to 50%.
Although so far the effect on consumer prices was limitedeconomists warn that the real impact is yet to be seen. Some companies advanced purchases to avoid the increases, while others transferred the highest costs to consumers or absorbed part of the load.
Analysts underline that Importers and retailers can hardly sustain that strategy indefinitelywhich could lead to additional increases in consumer prices.
While some specialists expect that the inflationary impact will be punctual, others alert about the possibility of more persistent effects on the US economy.
Source: Ambito
