According to President Trump's executive order, the goal of this tariff increase is to "more effectively counter countries that continue to dump excess, low-priced steel and aluminum into the United States market," a problem that is undermining the competitiveness of domestic American industry.
“Increasing the existing tariffs will provide substantial support to domestic industries and reduce or eliminate the national security threat posed by imports of steel and aluminum, and their byproducts,” the order states.
However, the tax rate applied to steel and aluminum imported from the UK will remain at 25% while the two sides continue to negotiate tariffs and quotas under the terms of the bilateral trade agreement./.
According to VNA
Source: https://baothanhhoa.vn/my-chinh-thuc-tang-gap-doi-thue-danh-vao-thep-va-nhom-nhap-khau-250898.htm
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