President of the United States, Donald Trump, I promised to impose Mutual rates About countries that are believed to be unfairly dealing with the United States in trade, either through high rates or sharp barriers.
Trump said his new tariff would create job opportunities and enhance local manufacturing.
However, the imposition of higher rates on other countries is likely to make many consumer goods more expensive while many Americans grow up to the imminent recession.
With promises to reduce national debt and global balance trade, Trump has already released a comprehensive tariff against important business partners and the main sectors that harden steel and aluminum-threatening more customs tariffs for others.
Policy faced threats to take revenge on the important business partners.
American trade tariffs may affect some of its largest commercial partners
In March, the administration imposed 25 % on all aluminum and steel imports.
Canada is the largest resource for both of the United States. However, these rates may have an impact on the industries that intend to protect them.
For example, William Oblinger, CEO of Alcoa, warned one of the largest aluminum manufacturers in the United States, in February that an aluminum tariff may cost 100,000 American jobs, including 20,000 of its industry.
Trump recently announced that the 25 % average of the final cars will come into effect on April 3, and the rate of auto parts will occur by 25 % into effect until May 3.
Although more car manufacturing is moving to the United States, Americans are heading to pay higher prices due to the high cost of local production or increased costs of importing cars.
Trump’s commercial policies were driven by a number of goals that are different from the justification provided by previous departments.
Trump linked the definitions of the three largest commercial partners in America – Mexico, China and Canada – allegations that the three countries are not doing enough to help contain illegal immigration and fentanel that enter the United States, for example.
Previous departments often use customs tariffs as a way to protect national security interests and support local industries.
