Trump steel, aluminum tariffs likely to drive up car costs, industry leaders say
Tuesday, 11 February 2025 () President Donald Trump's tariffs on steel imports this week are likely to wreak havoc on American auto manufacturing, industry leaders say. The moves align with the Trump administration’s aggressive global trade actions and hopes to strengthen U.S. industry. On March 12, all steel imports will be taxed at a minimum of 25%, the result of two orders the president signed Monday that also include a 25% tariff on aluminum. That could have a serious impact on domestic automakers including Ford, GM and Stellantis — and make these companies’ vehicles more expensive for the nation’s car buyers.
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...
Deputy Prime Minister Angela Rayner has insisted there "is a future for British steel" and that the government is "committed to supporting the steel industry". It comes as US President Donald Trump..
Judge Blocks DOGE From Accessing Treasury Records, President Trump Gives Ultimatum To Hamas, Democrats Move To Impeach Elon Musk, POTUS Imposes Tariffs On Steel & Aluminum, FCC Commissioner..
President Donald Trump's tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say. The moves align with the... Japan Today
Tuesday, 11 February 2025 ()
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