Trump Declares 25% Tariffs on All Steel & Aluminum Imports – Major Trade War Escalation Looms
Video Credit: Oneindia - Duration: 03:54s - Published
Trump Declares 25% Tariffs on All Steel & Aluminum Imports – Major Trade War Escalation Looms
In a major escalation of his trade policy, President Donald Trump has announced that the United States will impose a sweeping 25% tariff on all steel and aluminum imports, with additional metal duties expected later this week.
Speaking aboard Air Force One, Trump also revealed plans for reciprocal tariffs, vowing to match the trade policies of other nations.
This move could have significant consequences for key trading partners like Canada, Mexico, and the European Union.
Trump has long criticized foreign tariff imbalances, especially the EU’s 10% auto tariff versus America’s 2.5% rate.
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