U.S. Imposes Tariffs on Steel and Aluminum Imports
U.S. Imposes Tariffs on Steel and Aluminum Imports
President Donald Trump has enforced 25% tariffs on all steel and aluminum imports into the United States, aiming to bolster domestic metal producers. This move has prompted swift retaliation from major trading partners:
- European Union (EU): The EU announced plans to implement counter-tariffs worth €26 billion on U.S. goods, set to commence in April.reuters.com
- Canada: Canada declared C$29.8 billion in retaliatory tariffs on U.S. imports.r