Trade war escalates. Trump doubles the duties

Zdjęcie: Wojna handlowa eskaluje. Trump podwaja cła / Shutterstock


President Donald Trump shook the markets, announcing on Friday that he would double the duties on imports of steel and aluminum to the United States. As of June 4, the stakes will emergence from 25 to 50 percent. As Trump stressed, this movement aims to strengthen the American steel industry. This is another aggressive step in his protectionist policy.