Trump once again slaps taxes on foreign steel, aluminum, a move that proved costly in his first term
Tuesday, 11 February 2025 () President Donald Trump is hitting foreign steel and aluminum with a 25% tax. If that sounds familiar, it’s because he did pretty much the same thing during his first term. Trump’s original metals tariffs gave America’s struggling steel and aluminum producers some relief from intense global competition, allowing them to charge higher prices. In anticipation of the new tariffs, shares of steel and aluminum producers climbed Monday. But the tariffs took a toll last time, too, damaging U.S. relations with allies like Canada and Mexico and driving up costs for “downstream’’ U.S. producers that buy steel and aluminum and use them to manufacture goods.
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...
PC Party leader, Doug Ford, to deliver a speech and discuss with U.S. leaders at the Chamber of Commerce in Washington. This comes a day after President Donald Trump announces 25% steel &..
The European Union is gearing up for a fierce trade battle after former U.S. President Donald Trump announced a sweeping 25% tariff on all steel and aluminum imports. French Finance Minister Jean-Noël..
German Chancellor Olaf Scholz has strongly condemned former U.S. President Donald Trump's proposal to "take over" Gaza and relocate Palestinians elsewhere, calling it a "scandal" and a violation of..
Tuesday, 11 February 2025 ()
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