Trump announces heavy tariffs on steel and aluminium imports
Washington: The Indian government has responded to the latest decision taken by the US government on steel imports. The corresponding ministry has made it clear that there is no impact on their exports. Minister Arun Sharma said, “Our exports to the United States are only 2 per cent and no burden on the moment.
China Foreign Ministry Hua Chun Ying said that if all countries follow the US system, it will undoubtedly be a it will effect on international trade soon. China’s Iron and Steel Association Vice-Secretary General Li Xin Chang said the impact on China was not big.
We must protect our country and our workers. Our steel industry is in bad shape. IF YOU DON’T HAVE STEEL, YOU DON’T HAVE A COUNTRY!
— Donald J. Trump (@realDonaldTrump) March 2, 2018
The US government is considering a huge tariff on steel and aluminum imports, aimed at protecting the interests of local producers. Trump announced on Thursday that the major trade partners such as China, Europe and neighboring Canada would have a huge tariff on steel imports. The American president Trump convinced that American steel aluminum companies have been disrespectful for the last few decades, mainly from China. That is why the great steel makers and aluminum makers for the protection of the nation are going to be made. Trump said the United States should reconstruct steel and aluminum industries.