White House officials are tight-lipped about the structure or timing the next tariffs, with one source saying the announcement might come later in the week
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The news sent industries reliant on steel and aluminum imports scrambling to offset an expected jump in costs. Executives from companies including supermarket chain Ahold Delhaize and Siemens Energy warned tariffs would lead to higher prices as they seek to pass on the extra costs of imports. “The world has a high demand for our aluminium; we need it as part of the transition to net zero,” Ed Husic told reporters at the National Press Club in Canberra. “The question is for our American friends do you really want to pay more for that product that you’ve got a big demand for?”White House officials have been tight-lipped about the structure or timing the next tariffs, with one source saying the announcement might come later in the week.
William Reinsch, senior fellow at the Center for Strategic and International Studies, said Trump officials could opt for a more easily implemented flat 10% or 20% tariff rate, or a messier approach that would require separate tariff schedules matching US tariffs to each other country’s rates.
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