Trump Imposes Global 25% Steel, Aluminum Tariffs
President Trump on Monday announced 25% tariffs on imports of steel and aluminum to the U.S., reinstating global duties without exceptions for allies such as Canada, Mexico, Japan and South Korea that were relaxed by the Biden administration. “It’s a big deal. This is the beginning of making America rich again,” Trump said in the Oval Office, as he signed dual executive orders for steel and aluminum tariffs. “No exceptions, no nothing,” Trump added. A White House official said the tariffs would take effect March 4.
Read more at:
https://www.wsj.com/economy/trade/trump-imposes-global-25-steel-aluminum-tariffs-49df0110
https://www.reuters.com/markets/asian-eu-steelmakers-shares-fall-after-trump-escalates-tariffs-2025-02-10/
