President-elect Donald Trump, upon his return to power, aims to impose high-cost tariffs on countries worldwide, particularly China, where tariffs on imports may increase to as much as 60%. Gulf industries are unlikely to be exempt from these proposed tariff hikes, with goods like aluminum and steel falling under the radar of the new U.S. administration. Tariffs on these categories of goods are expected to rise by approximately 20%. Notably, back in March 2018, Trump, during his previous term, imposed tariffs of about 25% on steel and 10% on aluminum imports from most countries worldwide.

Note: This article has been automatically translated, the full article is available in Arabic.  

Source: Akhbar Alkhaleej