According to media reports, US President Donald Trump plans to introduce new tariffs for steel imports and semiconductor chips, which can even more shake world trade, already intense US protectionist policy. It is expected that the tariffs will initially be declared at low rates that will increase sharply over time to stimulate internal production.
tariffs aimed at stimulating production in the United States
- Trump that new tariffs would be in lower -low tariffs in lower. The rates at the beginning, which will give companies time to adjust and expand the production capacities of the United States.
- the steepness increases later - perhaps reaching 100 percent or more on semiconductors.
the announcement appeared after several rounds of increasing tariffs for steel and aluminum. In February of this year, Trump raised tariffs for steel and aluminum to 25 percent, and in May the tariff rate for steel was doubled to 50 percent to further support domestic manufacturers. It remains unclear whether the new announcement of the next increase in metals or just continuing current rates signals.
impact on world trade
Trump tariff strategy has already violated the global supply chains. Previous measures were aimed at almost all foreign exports to the United States, along with industry tariffs for steel, aluminum and automobile products.
