Business news from Ukraine

Business news from Ukraine

Trump to raise tariffs on steel imports to US to 50%

US President Donald Trump has announced that tariffs on steel imports to the US will be increased by 50%, which is twice the current rate, CNN reports.

“We are going to increase tariffs on steel in the United States by 25%, from 25% to 50%,” he said during a speech at a US Steel plant near Pittsburgh, Pennsylvania.

Trump added that he was considering a 40% tariff, but industry leaders told him they wanted a 50% tariff.

“At 25%, they can somehow get around this fence. At 50%, nobody will get around this fence,” the US president added.

He later wrote that tariffs on steel and aluminum would be increased to 50% starting Wednesday, June 4.

“I am honored to raise tariffs on steel and aluminum from 25% to 50% starting Wednesday, June 4. Our steel and aluminum industries are reborn like never before. This will be another big boost of great news for our great steel and aluminum workers. Let’s make America great again!” he wrote.

Earlier, the Experts Club analytical center released a global analysis of steel production by the world’s leading countries. For more details, follow the link: https://youtube.com/shorts/VgUU9MEMosE?si=EZIE-o9jE0w2O9Z_

, ,

Trump administration will pay $1,000 to illegal immigrants for voluntary departure

The administration of US President Donald Trump is ready to pay $1,000 in compensation to illegal immigrants who decide to leave the country voluntarily, the US Department of Homeland Security said on Monday.

“Self-deportation is the best, safest, and least expensive way to leave the United States without arrest if you are in the country illegally,” the department quoted Secretary Kirstjen Nielsen as saying.

“The department is offering to pay for travel and provide a reward through the CBP Home mobile app for returning home. Every illegal immigrant who uses this app for self-deportation will receive a reward of $1,000 after confirming their return to their home country,” the press release also said.

The Associated Press notes that as part of its tougher immigration policy, the Trump administration has radically updated the app developed under former President Joe Biden. The US Customs and Border Protection (CBP) One app, which provided access to various agency services for entering the country and obtaining asylum, is now called CBP Home and is designed to “help immigrants return to their home countries,” the agency said.

In recent months, the US president has introduced a series of tough measures to combat illegal immigration. In particular, he has approved initiatives to step up the deportation of illegal immigrants from the US. Shortly after his inauguration, Trump announced the introduction of a state of emergency on the border with Mexico.

Zelensky and Trump held productive meeting in Rome – White House

The presidents of Ukraine and the United States, Volodymyr Zelensky and Donald Trump, held a productive meeting in Rome, Politico reports, citing a White House representative.

“President Trump and President Zelensky met privately today and had a very productive discussion,“ White House Communications Director Stephen Chung said.

“More details about the meeting will be provided later,” he said.

The presidents arrived in Rome for the funeral of Pope Francis. Ukrainian presidential spokesman Sergei Nikiforov announced the meeting between Zelensky and Trump before the start of the funeral ceremony.

According to media reports, the US and Ukrainian presidents may continue talks after the funeral of Pope Francis.

, ,

Trump allowed exceptions to basic 10% tariff

U.S. President Donald Trump said he may allow individual exceptions to the 10% tariff for most trading partners, although he considers the rate the minimum for countries seeking to negotiate with Washington, Bloomberg reported Saturday.

“There may be some exceptions for obvious reasons, but I would say 10% is the minimum,” Trump told reporters Friday aboard Air Force One en route to Florida. He did not specify what the reasons were, nor did he announce any new fare changes.

The announcement came after fare increases for dozens of countries announced in the week. Some were later postponed due to negative market reactions. China was hit with duties of 145%, while a prime rate of 10% has so far been applied to most nations.

“Despite this, the average duty rate in the U.S. could reach historic highs. Beijing, in response to Washington’s actions, raised tariffs on US goods to 125%. China said it will not respond to further steps, but is preparing other measures,” the report said.

Trump said at the same time that “the market is stable” and the dollar will remain “the currency of choice”. He also expressed confidence that the trade standoff with China could end positively.

,

We will get Greenland 100% – Trump

US President Donald Trump has expressed confidence that Greenland will become American.

“We will get Greenland – 100%,” he said in an interview with NBC News.
According to the American president, “there is a good possibility that it will be possible to do it without the use of military force, but you can’t rule anything out.”

Asked what signal the Greenland acquisition would send to Russia and the rest of the world, Trump said, “I don’t really think about it. I don’t really care. Greenland is a totally separate issue, totally different. It’s international peace. It’s international security and strength.”

The other day, U.S. Vice President J.D. Vance visited Greenland. According to him, the island is likely to gain independence from Denmark in the future, after which the US will start working with Greenland to establish bilateral relations.
Earlier, Trump repeatedly said that he would like to see Greenland as part of the United States.

,

Trump: Both Russia and China interested in establishing relations with United States

Both Russia and China are interested in establishing relations with the United States, US President Donald Trump said on Fox News’ The Ingraham Angle on Tuesday.

Asked by the host if it was possible to believe that Putin really wants this, while he is influenced by “his close friend, President Xi of China,” Trump replied that “we have our own discussions with President Xi of China, and he also wants to make a deal and we want to make a deal with him. And we will do that.”

Trump blamed the Barack Obama administration for the rapprochement between Russia and China.

“Obama really forced them together through energy and bad energy policy. And when he did so many different things, he forced (them) into a marriage that should never have happened. Because it’s unnatural. And for one reason: Russia has a huge territory, a lot of land, and China doesn’t have enough land. Russia has a much smaller population than China. And it’s natural, it’s always been a natural hostile situation,” Trump said.

“Maybe they’re friendly now, but we’re going to be friendly with both of them. I think we will be friendly with both. China desperately needs us in terms of trade, but we have to equalize the deficit,” he added.

“I think President Xi would like to reach an agreement, and I think Russia would like to reach an agreement with the United States,” Trump summarized.

, , ,