Trump vows to take back ‘stolen’ wealth as tariffs on steel and aluminum imports go into effect

US Trade Representative nominee Jamieson Greer called the European Union's economic policies "out of step with reality" after the bloc promised to strike back on Washington's sweeping steel and aluminum tariffs. (AFP)
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Updated 13 March 2025
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Trump vows to take back ‘stolen’ wealth as tariffs on steel and aluminum imports go into effect

  • Trump’s use of tariffs to extract concessions from other nations points toward a possibly destructive trade war
  • It also has destabilized the stock market and stoked anxiety about an economic downturn

WASHINGTON: President Donald Trump openly challenged US allies on Wednesday by increasing tariffs on all steel and aluminum imports to 25 percent as he vowed to take back wealth “stolen” by other countries, drawing quick retaliation from Europe and Canada.
The Republican president’s use of tariffs to extract concessions from other nations points toward a possibly destructive trade war and a stark change in America’s approach to global leadership. It also has destabilized the stock market and stoked anxiety about an economic downturn.
“The United States of America is going to take back a lot of what was stolen from it by other countries and, frankly, by incompetent US leadership,” Trump told reporters on Wednesday. “We’re going to take back our wealth, and we’re going to take back a lot of the companies that left.”
Trump removed all exemptions from his 2018 tariffs on the metals, in addition to increasing the tariffs on aluminum from 10 percent. His moves, based off a February directive, are part of a broader effort to disrupt and transform global commerce.
He has separate tariffs on Canada, Mexico and China, with plans to also tax imports from the European Union, Brazil and South Korea by charging “reciprocal” rates starting on April 2.
The EU announced its own countermeasures on Wednesday. European Commission President Ursula von der Leyen said that as the United States was “applying tariffs worth 28 billion dollars, we are responding with countermeasures worth 26 billion euros,” or about $28 billion. Those measures, which cover not just steel and aluminum products but also textiles, home appliances and agricultural goods, are due to take effect on April 1.
US Trade Representative Jamieson Greer responded by saying that the EU was punishing America instead of fixing what he viewed as excess capacity in steel and aluminum production.
“The EU’s punitive action completely disregards the national security imperatives of the United States – and indeed international security – and is yet another indicator that the EU’s trade and economic policies are out of step with reality,” he said in a statement.

 

Meeting on Wednesday with Ireland’s Taoiseach Micheál Martin, Trump said “of course” he wants to respond to EU’s retaliations and “of course” Ireland is taking advantage of the United States.
“The EU was set up in order to take advantage of the United States,” Trump said.
Last year, the United States ran a $87 billion trade imbalance with Ireland. That’s partially because of the tax structure created by Trump’s 2017 overhaul, which incentivized US pharmaceutical companies to record their sales abroad, Brad Setser, a senior fellow at the Council of Foreign Relations, said on X.
Canada sees itself as locked in a trade war because of White House claims about fentanyl smuggling and that its natural resources and factories subtract from the US economy instead of supporting it.
“This is going to be a day to day fight. This is now the second round of unjustified tariffs leveled against Canada,” said Mélanie Joly, Canada’s foreign affairs minister. “The latest excuse is national security despite the fact that Canada’s steel and aluminum adds to America’s security. All the while there is a threat of further and broader tariffs on April 2 still looming. The excuse for those tariffs shifts every day.”
Canada is the largest foreign supplier of steel and aluminum to the United States and plans to impose retaliatory tariffs of Canadian $29.8 billion ($20.7 billion) starting Thursday in response to the US taxes on the metals.
Canada’s new tariffs would be on steel and aluminum products, as well as US goods including computers, sports equipment and water heaters worth $14.2 billion Canadian ($9.9 billion). That’s in addition to the 25 percent counter tariffs on $30 billion Canadian ($20.8 billion) of imports from the US that were put in place on March 4 in response to other Trump import taxes that he’s partially delayed by a month.
Trump told CEOs in the Business Roundtable a day earlier that the tariffs were causing companies to invest in US factories. The 7.5 percent drop in the S&P 500 stock index over the past month on fears of deteriorating growth appears unlikely to dissuade him, as Trump argued that higher tariff rates would be more effective at bringing back factories.
“The higher it goes, the more likely it is they’re going to build,” Trump told the group. “The biggest win is if they move into our country and produce jobs. That’s a bigger win than the tariffs themselves, but the tariffs are going to be throwing off a lot of money to this country.”
Trump on Tuesday had threatened to put tariffs of 50 percent on steel and aluminum from Canada, but he chose to stay with the 25 percent rate after the province of Ontario suspended plans to put a surcharge on electricity sold to Michigan, Minnesota and New York.
Democratic lawmakers dismissed Trump’s claims that his tariffs are about national security and drug smuggling, saying they’re actually about generating revenues to help cover the cost of his planned income tax cuts for the wealthy.
“Donald Trump knows his policies could wreck the economy, but he’s doing it anyway,” said Senate Democratic Leader Chuck Schumer of New York. “Why are they doing all these crazy things that Americans don’t like? One reason, and one reason alone: tax breaks for billionaires, the north star of the Republican party’s goals.

In many ways, the president is addressing what he perceives as unfinished business from his first term. Trump meaningfully increased tariffs, but the revenues collected by the federal government were too small to significantly increase overall inflationary pressures.
Outside forecasts by the Budget Lab at Yale University, Tax Policy Center and others suggest that US families would have the costs of the taxes passed onto them in the form of higher prices.
With Wednesday’s tariffs on steel and aluminum, Trump is seeking to remedy his original 2018 import taxes that were eroded by exemptions.
After Canada and Mexico agreed to his demand for a revamped North American trade deal in 2020, they avoided the import taxes on the metals. Other US trading partners had import quotas supplant the tariffs. And the first Trump administration also allowed US companies to request exemptions from the tariffs if, for instance, they couldn’t find the steel they needed from domestic producers.
While Trump’s tariffs could help steel and aluminum plants in the United States, they could raise prices for the manufacturers that use the metals as raw materials.
Moreover, economists have found, the gains to the steel and aluminum industries were more than offset by the cost they imposed on “downstream’’ manufacturers that use their products.
At these downstream companies, production fell by nearly $3.5 billion because of the tariffs in 2021, a loss that exceeded the $2.3 billion uptick in production that year by aluminum producers and steelmakers, the US International Trade Commission found in 2023.
Trump sees the tariffs as leading to more domestic factories, and the White House has noted that Volvo, Volkswagen and Honda are all exploring an increase to their US footprint. But the prospect of higher prices, fewer sales and lower profits might cause some companies to refrain from investing in new facilities.
“If you’re an executive in the boardroom, are you really going to tell your board it’s the time to expand that assembly line?” said John Murphy, senior vice president at the US Chamber of Commerce.
The top steel exporters to the US are Canada, Mexico, Brazil, South Korea and Japan, with exports from Taiwan and Vietnam growing at a fast pace, according to the International Trade Administration. Imports from China, the world’s largest steel producer, account for only a small fraction of what the US buys.
The lion’s share of US aluminum imports comes from Canada.


Immigrant rights advocates claim US violated court order by deporting migrants to South Sudan

Updated 56 min 37 sec ago
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Immigrant rights advocates claim US violated court order by deporting migrants to South Sudan

  • The advocates made the request in a motion directed to a federal judge in Boston

BOSTON: Immigrant rights advocates accused the Trump administration on Tuesday of deporting around a dozen migrants from countries including Myanmar and Vietnam to South Sudan in violation of a court order and asked a judge to order their return.

The advocates made the request in a motion directed to a federal judge in Boston who had barred the Trump administration from swiftly deporting migrants to countries other than their own without first hearing any concerns they had that they might be tortured or persecuted if sent there.


Maritime security under threat from ‘emerging dangers,’ UN chief warns

Updated 20 May 2025
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Maritime security under threat from ‘emerging dangers,’ UN chief warns

  • Houthi Red Sea campaign ‘increased tensions in an already volatile region’
  • Antonio Guterres calls for three-point plan to address challenges

NEW YORK CITY: UN Secretary-General Antonio Guterres warned of rising threats to global maritime transport at a high-level Security Council meeting on Tuesday.

It follows almost two years of turmoil in the Red Sea, a vital shipping lane connecting global trade via the Suez Canal.

Yemen’s Houthi militia launched a campaign in late 2023 to prevent Israel-linked shipping from transiting the Red Sea, claiming to act in solidarity with Palestinians in Gaza.

The US responded with Operation Prosperity Guardian, a military campaign to target Houthi launch sites and infrastructure.

The EU contributed with EUNAVFOR Aspides, while Israel later responded to Houthi attacks with extensive strikes on Sanaa, Yemen’s capital, and the Houthi-controlled port city of Hodeidah.

Tuesday’s Security Council meeting was chaired by Kyriakos Mitsotakis, the Greek prime minister.

Guterres told the meeting: “Without maritime security, there can be no global security.

“From time immemorial, maritime routes have bound the world together. They have long been the primary means for the trade and transport of not only people, goods and commodities, but also cultures and ideas.”

However, maritime spaces are “increasingly under strain” from traditional threats and “emerging dangers,” Guterres added.

He highlighted contested boundaries, the depletion of natural resources, conflict and crime as key issues affecting maritime security.

The first quarter of 2025 saw a “sharp upward reversal” in reported piracy and armed robbery at sea, Guterres said.

He highlighted the Houthi Red Sea campaign, warning it had “disrupted global trade and increased tensions in an already volatile region.”

Earlier this month, the US reached a ceasefire deal with the Houthis following mediation by Oman.

However, the militia and Israel continue to trade strikes.

Guterres called for three measures to improve global maritime security: Respect for international law; efforts to address the root causes of maritime insecurity; and partnerships involving “everyone with a stake in maritime spaces.”

The international legal framework for maritime security “is only as strong as states’ commitment” to its implementation, he said.

Globally, more must be done “to reduce the likelihood that desperate people will turn to crime and other activities that threaten maritime security,” he added.

Guterres said: “We must involve everyone with a stake in maritime spaces. From coastal communities to governments and regional groups. To shipping companies, flag registries, the fishing and extraction industries, insurers and port operators.

“Let’s take action to support and secure maritime spaces, and the communities and people counting on them.”


Indonesian gig drivers protest demanding lower app fees

Updated 20 May 2025
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Indonesian gig drivers protest demanding lower app fees

  • Motorbike and scooter drivers who form the backbone of Indonesia’s sprawling gig economy earn up to 150,000 rupiah ($10) a day

JAKARTA: Thousands of drivers from ride-hailing and food delivery apps protested in Indonesia on Tuesday, demanding a 10-percent cap on commission fees.

Hundreds of drivers gathered in the streets of the capital Jakarta, driving their motorbikes and waving flags.

Thousands more in Indonesia’s second-largest city of Surabaya drove to the offices of ride-hailing apps GoJek and Grab, before rallying in front of the governor’s office, an AFP journalist saw.

“Many of our friends got into accidents on the road, died on the road because they have to chase their income,” Raden Igun Wicaksono, chairman of the driver’s union Garda Indonesia, told AFP.

“It’s about lives, not about business calculation.”

Drivers are also demanding the end of discounted fare programs and calling on lawmakers to meet with the drivers’ association and app companies.

Motorbike and scooter drivers who form the backbone of Indonesia’s sprawling gig economy earn up to 150,000 rupiah ($10) a day, but costs including app commissions and fuel eat into their income.

Gojek — which alongside Singapore’s Grab is among Asia’s most valuable startups — said it was committed to “supporting the long-term welfare of our driver partners.” 

But lowering its 20-percent commission fee, which complied with regulations, was “not a viable solution,” according to Ade Mulya, head of public policy for Gojek’s parent company GoTo.


Pentagon chief orders review of US withdrawal from Afghanistan

Updated 20 May 2025
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Pentagon chief orders review of US withdrawal from Afghanistan

  • A special review panel will “thoroughly examine previous investigations,” Hegseth said in a memo
  • “This team will ensure ACCOUNTABILITY to the American people”

WASHINGTON: Defense Secretary Pete Hegseth on Tuesday ordered a Pentagon review of the chaotic 2021 US withdrawal from Afghanistan, which has long been a target of Republican criticism.

“I have concluded that we need to conduct a comprehensive review to ensure that accountability for this event is met and that the complete picture is provided to the American people,” Hegseth wrote in a memo.

A special review panel will “thoroughly examine previous investigations, to include but not limited to, findings of fact, sources, witnesses, and analyze the decision making that led to one of America’s darkest and deadliest international moments,” the memo said.

“This team will ensure ACCOUNTABILITY to the American people and the warfighters of our great Nation,” it added.

The US withdrawal saw Taliban fighters sweep aside Afghan forces, forcing the last American troops to mount an evacuation from Kabul’s airport that got more than 120,000 people out of the country in a matter of days.

On August 26, 2021, a suicide bomber targeted crowds of people on the perimeter of Kabul airport who were desperate to get on a flight out of the country, killing more than 170 people, among them 13 American troops.

Joe Biden, who was US president during the withdrawal, defended the decision to leave Afghanistan, which critics have said helped cause the catastrophic collapse of Afghan forces.

That paved the way for the Taliban to return to power two decades after their first government was toppled by American forces in the wake of the September 11 attacks.


Muslim Brotherhood ‘threat to national cohesion’: French report

Updated 20 May 2025
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Muslim Brotherhood ‘threat to national cohesion’: French report

  • The report pointed to the spread of Islamism “from the bottom up” and at the municipal level
  • It highlighted the “subversive nature of the project,” saying it aims “to gradually bring about changes to local or national rules“

PARIS: The Muslim Brotherhood movement is a “threat to national cohesion” in France and action must be taken to stop the spread of “political Islamism,” according to a report to be presented to President Emmanuel Macron on Wednesday.

“The reality of this threat, even if it is long-term and does not involve violent action, poses a risk of damage to the fabric of society and republican institutions... and, more broadly, to national cohesion,” said the report, a copy of which was obtained by AFP on Tuesday.

The report, prepared by two senior civil servants, is to be examined by the Defense Council on Wednesday.

France and Germany have the biggest Muslim populations among European Union countries.

The report pointed to the spread of Islamism “from the bottom up” and at the municipal level, adding the phenomenon constituted “a threat in the short to medium term.”

In France, the movement is “based on a solid structure, but political Islamism is spreading primarily at the local level,” the authors stressed.

“Resolute and long-term action on the ground seems necessary to stem the rise of political Islamism,” they said.

The report highlighted the “subversive nature of the project,” saying it aims “to gradually bring about changes to local or national rules,” particularly those concerning secularism and gender equality.

Such “municipal Islamism” risks affecting the public sphere and local politics, the report said, pointing to “the creation of increasingly numerous Islamist ecosystems.”

France’s tough-talking Interior Minister Bruno Retailleau expressed concern on Tuesday about “a low-level Islamism” whose “ultimate goal is to turn the entire French society to Sharia law.”

But the report authors said that “no recent document demonstrates the desire of Muslims in France to establish an Islamic state in France or to enforce Sharia law there.”

Muslims in France (Musulmans de France), formerly the Union of Islamic Organizations of France, is identified as “the national branch of the Muslim Brotherhood in France.”

“We are not dealing with aggressive separatism” but a “subtle (...) yet no less subversive aim for the institutions,” the authors said.

The report estimates that there are 139 places of worship affiliated with Muslims of France, with an additional 68 considered close to the federation.

This represents seven percent of the 2,800 Muslim places of worship listed in France, the report said.

The Islamist movement is losing its influence in the Arab world and “focusing its efforts on Europe,” it added.

A public awareness campaign must be combined with renewed efforts to promote a “secular discourse” as well as “strong and positive signals to the Muslim community” including the teaching of Arabic, the report said.