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U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.
ADEN - SABA
Minister of Finance Salim bin Bureik highly appreciated the US Administration's support for the Yemeni government's efforts to manage the economic hardship and make the financial and economic reforms.
His statement came during his meeting today, Monday, here in Aden with the American Ambassador to Yemen Steven Fagin.
Bin Bureik explained the government's top financial policies in the upcoming stage, challenges facing the Public Finance and the financial and economic reforms.
He also cited the negative impacts of the Terrorist Houthi militia's military escalation and attacks on the economic and oil facilities upon the humanitarian situation in general and the Public Finance in particular.
The American Ambassador reiterated his administration's support for Yemeni people and his visit to Aden is intended to demonstrate this unwavering support.