New customs duty announcement from Trump! 'It will be increased from 25 percent to 50 percent'
US President Donald Trump announced that the customs duty rate applied to steel and aluminum imports will be increased from 25 percent to 50 percent. Trump stated that the measure in question will come into effect as of June 4.
A new move regarding the controversial customs duties has come from US President Donald Trump. In a statement made on his own social media platform, Truth, Trump announced that the customs duty rate applied to steel and aluminum imports will be increased from 25 percent to 50 percent.
Emphasizing that taking this step is a "great honor" for him, Trump stated that the implementation will come into effect as of June 4. Noting that the US steel and aluminum sectors have returned stronger than ever before, Trump said, "This decision will be another big and wonderful news for our magnificent steel and aluminum workers."
HE HAD INTRODUCED A 25 PERCENT CUSTOMS DUTY
US President Donald Trump had signed presidential decrees on February 10 providing for the application of a 25 percent customs duty on steel and aluminum imports.
The tariffs in question had come into effect on March 12.
News Source: İHA
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