The risk of war tax behavior after the trade of steel, aluminum trump

According to the Reuters news, Trump said to you tax 25% of aluminum and steel 10% will be officially announced next week.

The most affected countries

He stood in the White House head protective tariff is to protect American jobs." We want to rebuild the steel and aluminum industry trump ", he said.

At the same time, many analysts say, from increase the influence of iron and aluminum prices of consumer items in many industries, such as automobiles and oil industry destroyed jobs, more work to do to produce such measures.

The biggest worry is the U.S. steel exporter may be in the project to U.S. agricultural retaliation. This is some senior Republican Senator trump warned of danger.

"Revenge will happen. One of the goals of agricultural industry. I think this [taxation] strong aluminum, steel imports is very harmful to the agricultural sector, "Senator Pat Roberts, the chairman of the Senate Agriculture Committee's speech.

Since the United States consider building walls, steel and aluminum imports, imports of soybean China warning. The European Union (EU) have warned the same thing. According to a senior economic adviser, China President Xi Jinping, he is Mr. Liu, in Washington to discuss trade issues.

According to Reuters, in fact on imports of steel and aluminum America strong tax is not much, directly affect the Chinese. Statistics show that Canada is the U. S. steel exporter most, the total energy of 16% US steel imports compared to the level of China, 2% in Canada, two countries. Many iron and steel exports to the United States next is Brazil and South Korea.

At the beginning of September 2017, the top 10 countries and regions, exports to the United States m steel ch steel 78% of total imports of the United States, the rest of the world accounted for only 22% - source: if the IHS /.

"If you can set restrictions, products of steel and aluminum in Canada, we will respond to measures to protect business interests and their own labor", Canadian Foreign Minister Christine Freeland said in a statement with strong words.

Brazil Ministry of industry announced that it will consider establishing tariffs to protect their own response to the coordinated action of the United States or other countries and Steel Corp. The stock of the first two Brazil is the Central Intelligence Agency and siderurgiaca Nacional seminars was sold off, close the corresponding level and reduce the 4,4% and 4,2% of the transaction within fifth days.

Steel and aluminum on tax announced president trump to Canada and Mexico to adjust the negotiations with the United States North American Free Trade Agreement (NAFTA) between the three countries and tense negotiations has lasted several months, in the specific implementation steps.

When asked whether there are any exceptions plan to protect the tariffs, U.S. steel, aluminum, White House spokesman Sarah Sanders said the details before not officially announced the next week Saunders also said she plans to complete the process.

The United States will get what?

Your trump after the announcement, the U.S. Steel Corp stock increase, the AK Steel Holdings shares rose nearly 10% shares, an increase of more than 5% U.S. Steel Group, Nucor increased three percent shares. At the same time, Ford shares fell more than 3% shares of general motors, about 4% reduction.

The government trump the establishment of protective tariffs on steel and aluminum have national security reasons said the United States needs steel and aluminum in water supply equipment used for military tanks and warships.

As for me, although only 2% U.S. steel imports, China has a huge iron and steel industry.