The tariff rates were introduced at 5 o’clock. The introduction takes place despite protests from several countries, who have tried to turn Trump to turn around. The customs regime will mean a large -scale tax increase on imports to the United States. The consequences will be many and unclear, but some industries will be hit harder than others – and the blacksmets will also burn. They apply to all countries, without exception, and can hit both Norwegian and European companies hard. The European Commission announces 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 unjustified trade restrictions, the Commission writes. It will, among other things, reintroduce countermeasures introduced against Trump’s penalties in 2018 and 2020. These will come into force again on April 1 and will hit, among other things, boats, whiskey and motorboats. Products for up to 26 billion euros, just over NOK 300 billion, can be included. In addition, further measures are introduced, the Commission writes. According to Trump, the tariff rates will lead to more steel and aluminum plants opening in the United States. It will also create more jobs. Canada supplies the United States with around 50 percent of the country’s aluminum import and 20 percent of the steel, according to the consulting company EY. Outside of Canada, Brazil and Mexico have large steel exports to the United States, while the United Arab Emirates and South Korea are among the countries providing the United States with aluminum. (© NTB) Published 12.03.2025, at. 06.26 Updated 12.03.2025, at. 06.36
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