The Executive Order, that adjusts the levies on both metalsestimated that it is necessary to allow the implementation of the bilateral agreement signed with London on May 8 and grant you consequently a different treatment.
For July 9, However, it will be evaluated whether the United Kingdom has fulfilled said agreement And it will be considered if the increase will also affect that country.
In the May Ee.U. Agreement, he said to recognize the economic security measures adopted by the United Kingdom To combat excess global steel capacity And without going into details, an alternative agreement was going to be negotiated.
The British version said that the commitment had closed that the then 25 % tariff on steel would be reduced to zero, but according to the British BBC chain on Tuesday, That pact has not yet entered into force.
The rest of the United States commercial partners are affected by the tariff increase.
The mainly harmed are Canadathe great supplier of both metals to the US, as well as Mexico, Brazil, South Korea or Vietnam Regarding steel, and also Chinathe second country that sells the most aluminum to the first world economy.
His executive order said that the measure is necessary for These imports “do not threaten to harm national security.”
Also read: Tariffs: What are they and why Trump defends them as a key to boosting the economy