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American prices of 50% on steel and aluminum will take effect from June 4 after Donald Trump signed on Tuesday a decree performing his world trade war on Tuesday.
The new prices double the existing 25% samples that the president introduced earlier this year. Tasks on British steel and aluminum will remain 25% – a cup for London after signing a commercial agreement with Washington last month.
Trump said on Tuesday that prices were necessary to prevent the dumping of foreign producers who “threatened to harm national security”.
“The increase in prices for the counter-concrete countries which continue to unload the low prices, in surplus steel and aluminum on the American market and thus underestimate the competitiveness of the American steel and aluminum industries,” Trump wrote in order.
The new functions intensify the president’s world trade war, even if a large part of his commercial program remains in the legal limbo after a court ruled that his most radical prices of the “Liberation Day” of April 2 were illegal.
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