The tariff rates were introduced at 05 on Wednesday morning Norwegian time. Several countries have tried to get President Donald Trump to turn around, but they have not been heard. The consequences of the tariff rates of 25 per cent are many and unclear. Some industries will be hit harder than others. The rates apply to all countries, without exceptions, and can hit both Norwegian and European companies hard. Yesterday there were reports that Trump would double the tariff rates against Canada to 50 percent. The proposal was dropped the same evening. The EU responds to the European Commission announced its countermeasures in a press release on Wednesday morning. – In response, the Commission launches a number of countermeasures to protect European companies, workers and customers from the effects of these wrongful trade restrictions, the Commission writes. The EU will, among others, introduce a new countermeasure that was introduced against Trump’s penalties in 2018 and 2020. These will come into force again on April 1 and will hit among other boats, whiskey and motor boats. Measures may include product up to 26 billion euros, well over NOK 300 billion, according to the EU. The Commission also writes that they will introduce more measures than they mentioned above. What measures in question is not yet known. Will produce itself, according to Trump, the tariff rates come to increase the production of other steel and aluminum in the United States. He also has a goal of creating more jobs in the country. Canada accounts for about 50 percent of all aluminum imports to the United States, and 20 percent of the steel, according to NTB, citing the consulting company EY. Brazil and Mexico also export a lot of steel, while the unified Arab Emirata and South Korea export much aluminum to the country. Interested in more foreign? Listen the newest podcast for the foreign editor: Published 12.03.2025, at. 06.26 Updated 12.03.2025, at. 08.01
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