Trump imposes tariffs on aluminum from Brazil and 17 other countries

0
13

Those who know the negotiating style of the American President, Donald Trump, are not surprised by the intensification of his protectionist impositions against the international community less than a month from the presidential election. The more the disadvantage of Democratic opponent Joe Biden increases, the more he attacks in ways that please his conservative constituency.

This Friday, 9, he imposed tariffs of approximately $ 2 billion on imports of aluminum by the United States from eighteen countries, including Brazil, Germany and Spain, on the charge that they are dumping – agreement between companies to sell products below of the price considered fair.

According to the Commerce Department, the objective is to offset the low value charged for aluminum sheets, below the cost of production, or that receive subsidies considered unfair. The decision is already valid, that is, the tariffs have already started to be charged, but the Commerce Department itself can revoke it at the end of February. In addition, it will undergo a review by the United States International Trade Commission, scheduled for April 5. Brazil, which exports 97 million dollars of steel, and Germany, which exports 287 million, are the countries that face the highest rates.

The Trump measure was instituted the day after a poll on voting intent was released in which Trump’s handicap over Biden becomes one of the biggest in the U.S. presidential race. According to compiled by the website FiveThirtyEight, Biden has 51.9% of the voting intentions, while Trump has 42.1%. The gap between the two has been widening since Trump announced that he contracted Covid-19 on Friday 2. This week, on Monday 7, Trump also abruptly ended negotiations between Democrats and Republicans in the House of Representatives of the United States. United States on a new tax benefit package to estimate the economy.

Source: Veja

Those who know the negotiating style of the American President, Donald Trump, are not surprised by the intensification of his protectionist impositions against the international community less than a month from the presidential election. The more the disadvantage of Democratic opponent Joe Biden increases, the more he attacks in ways that please his conservative constituency.

This Friday, 9, he imposed tariffs of approximately $ 2 billion on imports of aluminum by the United States from eighteen countries, including Brazil, Germany and Spain, on the charge that they are dumping – agreement between companies to sell products below of the price considered fair.

According to the Commerce Department, the objective is to offset the low value charged for aluminum sheets, below the cost of production, or that receive subsidies considered unfair. The decision is already valid, that is, the tariffs have already started to be charged, but the Commerce Department itself can revoke it at the end of February. In addition, it will undergo a review by the United States International Trade Commission, scheduled for April 5. Brazil, which exports 97 million dollars of steel, and Germany, which exports 287 million, are the countries that face the highest rates.

The Trump measure was instituted the day after a poll on voting intent was released in which Trump’s handicap over Biden becomes one of the biggest in the U.S. presidential race. According to compiled by the website FiveThirtyEight, Biden has 51.9% of the voting intentions, while Trump has 42.1%. The gap between the two has been widening since Trump announced that he contracted Covid-19 on Friday 2. This week, on Monday 7, Trump also abruptly ended negotiations between Democrats and Republicans in the House of Representatives of the United States. United States on a new tax benefit package to estimate the economy.

Source: Veja

You are curious? You will like this blog. Click here and check it out!

Leave a reply