GLOBAL PUNITIVE DUTIES FOR THE IMPORT OF STEEL

Within the next 2 weeks Donald Trump’s decision will come into effect to introduce global punitive duties for the import of steel and aluminum into the USA. Excluded from this decision are Canada and Mexico. If allies would increase their military expenditures their punitive duties can be reduced. Donald Trump criticized the German trade and defense politics which over years had enormously exploited the USA, especially by the German low expenditures for defense. The EU trade commissioner, Mrs. Malmström, has requested an exception because the European Union is a close ally to the USA. Saturday she will meet with the US-trade-representative in Brussels.