Trump to impose new 25% tariffs on steel, aluminium

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Bangkok Post 23h ago

Trump to impose new 25% tariffs on steel, aluminium - Bangkok Post

Quick Summary:

WASHINGTON - US President Donald Trump plans to slap 25 percent tariffs on steel and aluminium imports Monday, prompting threats of retaliation from Europe and a warning from China that there are no winners in a trade war.

"President Trump has made it clear that an important part of an America First Golden Age is steel production," National Economic Council Director Kevin Hassett told CNBC on Monday.

But European and Asian markets rose Monday as traders appeared to shrug off Trump's threats, in contrast to a week ago when similar announcements sent global stocks tumbling.