Trump to hit US steel and aluminium imports with 25% tariffs

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Financial Times 17h ago

Trump to hit US steel and aluminium imports with 25% tariffs - Financial Times

Quick Summary:

Trump’s tariff announcement comes three weeks after his return to the White House and marks an escalation of his protectionist agenda.

Although the move is designed to protect domestic steelmakers, they will probably affect US allies — including Canada and Mexico — and could sharply raise costs for any American manufacturers that import the metals.

Trump officials said the tariffs would apply to all US imports, and that no exclusions would be granted for particular products.