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The President of the United States has announced the latest tariffs following commercial measures targeting Canada, Mexico and China.
The United States President Donald Trump has announced plans to impose 25 percent tariffs for all the imports of steel and aluminum and reciprocal tariffs for countries that equalize the obligations of US goods.
Trump said on Sunday that the next day he would officially announce the steel and aluminum rates, and the leveled levies later during the week.
Trump did not specify which country would be subject to the retributed tariffs, but said they would not affect all countries.
“Very simply, if they charge us, we charge them,” Trump told Air Force One reporters.
“If we are charged 130 percent and we don't charge them anything, it won't remain so,” Trump said.
Canada is the best steel provider to the United States, followed by Brazil, Mexico, South Korea and Vietnam, according to the US government and the American Institute of Iron and Steel.
Canada is also the best aluminum exporter to the United States, with other major suppliers, including China, Mexico and the United Arab Emirates.
“Key industries for the support of steel and aluminum in the United States by defense, shipbuilding and auto,” said Canadian innovation minister Francois-Philip Champagne in a publication by X.
“This makes North America more competitive and secure. We will continue to defend Canada, our workers and our industries. “
Trump's latest tariff threats come after last month has announced plans to impose 25 percent tariffs on all Canadian and Mexican goods, as well as a 10 percent tariff for Chinese imports.
Later, the US President agreed to slow down Measures for Canada and Mexico after the two countries promised to do more to overcome the flow of illegal drugs and the undocumented migrants across the US border.
Trump's tariffs against China, who announced revenge tariffs for US exports, entered Tuesday.
The US President suggested this month that the European Union could be the next line to face tariffs, claiming that the block brings “almost nothing” from the United States while the United States is accepting “everything”.
“The EU is really out of order. This is cruelty, what they did, “Trump told reporters on February 2.
“I have no schedule, but it comes very soon.”
The Asia Stock Markets showed a mixed reaction of Trump's latest comments, with the Japanese Nikkei 225 dropped by 0.1 percent, but Hong Sse Hong Sse Hong Sse on Hong Kong and China SSE composite with 1.2 percent respectively, as of 02, as of 02 : 30 GMT.
