According to Reuters, on March 16, President Donald Trump announced that he has no intention of creating any exceptions to steel and aluminum taxes and will be applied to all countries, regardless of whether they are allies or trading opponents of the United States.
Trump said counterpart and industry tariffs will be in place from April 2. When asked whether industry tariffs and counterpart tariffs are applied simultaneously, President Trump replied: "In some cases, it is both."
Last month, Mr. Trump increased steel and aluminum import tariffs to a fixed 25% to support the US industry, but this also increased trade tensions.
Speaking to reporters on Air Force One, Trump said counterpartition fees against US trading partners will come with auto tariffs, stressing: They tax us and we tax them.
President Trump noted that in addition to tariffs on automobiles, steel and aluminum, the US will continue to apply some additional tariffs, but he did not disclose further about this and promised that after April 2, billions of dollars will enter the US.
In a previous statement from the White House, the move was aimed at addressing "unfair trade" with Washington.
Earlier this month, when speaking to the National Assembly on the evening of May 4 (local time), Mr. Trump strongly criticized the import tariffs imposed by India, China and the European Union (EU) on US goods.
Mr. Trump commented that the US is being treated unfairly as India has taxed imported cars from the US to more than 100%. He continued to express his dissatisfaction when mentioning the tax rates that countries such as Brazil, Mexico, and Canada apply to the US. In some other countries, the tax is much higher than us. That is too unfair, the President said.
