Trump Plans 25% Tariffs on All Steel and Aluminum Imports

Donald Trump announced a significant policy shift involving the imposition of a 25% tariff on all steel and aluminum imports to the United States. This decision represents a continuation of Trump's protectionist trade agenda, which aims to bolster domestic manufacturing and protect American jobs. The tariffs are expected to disproportionately impact Canada, a major supplier of these metals to the U.S., raising concerns about retaliatory measures and potential trade disputes. Critics argue that such tariffs may exacerbate tensions between the two nations and lead to higher costs for American consumers.

Speaking to reporters aboard Air Force One on Sunday while he was on his way to the NFL Super Bowl in New Orleans, Trump also said he would announce reciprocal tariffs as early as Tuesday, which would take effect almost immediately.

The Republican, however, did not clarify who would be targeted with the reciprocal tariffs, but he stressed the US would match tariff rates levied by other countries and that this would apply to all countries. "And very simply, it's, if they charge us, we charge them," he said on his reciprocal tariff plan.

Canada.

Calvin Klein and Tommy Hilfiger brands on its unreliable entities list.

But Trump already began dialing back those tariffs, pausing taxes on any goods worth $800 or less imported into the United States until the Commerce Department can develop a system for imposing those hard-to-track items. Trump also paused 25% across-the-board tariffs on Mexican and Canadian imports until at least March 1.

Will Aukus be used as a way to avoid a tariff? Will our obsequiousness to Trump’s utterances on Gaza help our steel manufacturers? Possibly.

But what this all shows however is that we cannot rely on our ally to do good by us. We don’t need to start raising tariffs, but the government should definitely begin supporting our local industries in a way that we might have not when playing under the old rules of pretending that free trade agreements were sacrosanct.

Moreover, Trump's intention to impose reciprocal tariffs on other countries levying duties against U.S. goods adds another layer of complexity to this trade policy . As stock markets react negatively amid fears of inflation due to rising import costs , it becomes increasingly evident that the long-term effects of these tariffs could extend beyond immediate financial impacts. The potential for escalating trade conflicts raises critical questions regarding global supply chains and economic stability in an interconnected world.

 Read more

Sarah H

Also on site :

• ‘Gone Girls: The Long Island Serial Killer’ highlights the dangers of being a woman
• Pamela Anderson heading back to the stage for Tennessee Williams’ play Camino Real’
• William’s Latest Move Will ‘Infuriate’ Harry & Meghan & That’s ‘Precisely’ What He ‘Intended’