Use it makes use of 50% in metal and aluminum in pressure | EUROtoday

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The President of the United States Donald Trump has elevated the duties on the imports of metal and aluminum at 50%, in view of the negotiations with totally different US business companions to be held right now in Paris. The new duties entered into pressure at midnight native time, 6 within the morning in Italy

In an govt order printed yesterday and in pressure from the midnight native time, the American president justified this enhance with the need to “guarantee that (imports) do not endanger national security”. “Although the duties imposed so far have provided essential support for prices in the US market, they have not allowed these industries to develop and maintain a rate of use of sufficient production capacity for their sustainability and in light of national defense needs”, reads the textual content of the chief order.

The determination comes whereas the business consultant of the White House, Jamieson Greer, should meet the European Commissioner for Commerce, Maros Sefcovic, on the sidelines of a gathering of the group for cooperation and financial improvement (OECD), whose conclusion is scheduled for right now.

The new South Korean president Lee Jae -myung additionally intervened on the duties and reaffirmed the alliance between South Korea and the USA, promising better trilateral cooperation with Japan. In the settlement speech, a couple of hours after the victory to the presidential elections, Lee promised a “flexible and pragmatic” authorities, endeavor to revive democracy. “The rapid changes in the global order, such as the growing protectionism and the renovation of the supply chain, represent a threat to our own survival”, added Lee, on the business chaos triggered by the duties of Donald Trump, when the financial system depends upon exports.