Zekelman Industries President and CEO Barry Zekelman praised President Donald Trump’s tariff on aluminum and steel because he highlights the impact on America
us President Donald Trump’s 50% tariffs on most imported steel and aluminum came into effect on Wednesday, on the same day to give their “best proposal” in dialects to avoid import tax rates on other accessories as their time limit for business partners being effective next month.
Late on Tuesday, Trump signed an executive announcement for the implementation starting on Wednesday, the announcement last week to increase tariffs on steel and aluminum imports which ranged from 25% to 50% from March. New tax came into force at 12:01
White House Economic Advisor Kevin Haset said at a steel industry conference on Tuesday, “We started at the age of 25 and then after studying more data, realized that it was a great help, but need more help. And that’s why 50 are starting tomorrow.”
This growth applies to almost all trading partners, with the only exception of the UK, because it is the only country so far that has reached the initial trade agreement with the US during a 90-day stop at a wider array Tariff usSteel and aluminum imports from the UK will be taxed at at least 25% by 9 July.
Trump Administrators want the best proposal of countries before the deadline of Tariff
President Donald Trump raises a question from a reporter at the Oval office at the White House on May 5, 2025. (Anna Moneymaker / Getty Image / Getty Images)
About a quarter of all steel used in the US is imported, and increased tariffs will hit the strong American trade partners Canada and Mexico, particularly difficult, will hit the census bureau data shows. Two American neighbors rank number one and three in steel shipment volume respectively in the US.
Canada is even more affected by aluminum duties, which is almost double the rest of the top 10 exporters so far as the top exporter in the US. The office of Prime Minister Mark Carney said that Canada was engaged in intensive and live talks to remove in and other tariffs. “
Mexican economy minister Marcello Ebard stressed that the tariffs were unstable and inappropriate, especially given that Mexico imports more steel than exporting to the country from the US.
He said, “This is no meaning to put tariffs on a product for the United States that you have a surplus,” he said, there will be a demand for exemption in Mexico.
The US receives about half of its aluminum from foreign sources.
American economic development forecasts rapidly due to high tariffs
A steel coil is transported to a steel mill on March 12, 2025 in Hamilton, Ontario, Canada. (Reuters / Reuters Photos)
Tariff growth shook the market for steel and aluminum this week, but especially for aluminum, which has seen more than doubled price premium so far this year. With a very low current capacity to promote domestic production, import versions are likely to remain stable until the demand for price increases.
white House It also wants the business partners to present their proposals on Wednesday for deals that can help them avoid Trump’s “Mukti Divas” tariffs by being effective next month.
Officials have been in active talks with several countries as Trump had announced a ban on those tariffs, but the deal with Britain has yet reached. But even this agreement is more of the initial outline for more dialogue.
The Trump administration is now eager to reach more deals, until the tariff is effective with just five weeks.
The US trade representative has sent letters, asking countries to list their best proposals in many major areas, including tariffs and quota offers for the purchase of American industrial and agricultural products and plans to solve any non-tariff obstacles.
The western Indian states Gujarat, India, a steel bar manufacturing factory in Veeramgam in April 7, 2025 leave a casting steel bar from a casting machine. (Reuters / Reuters Photos)
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Other requested items include any commitment on country-specific commitments as well as any commitment on digital trade and economic security.
Japan, a prominent American business partner, has not received a letter, government spokesperson Yoshimasa Hayashi said at a press conference.
“Conversations are going on between Japan and the United States,” Hayashi said. “The government will continue to deal with them, will try our best and give them the top priority.”
Reuters contributed to this report.
