US Edition
Trump signs executive order raising tariffs on steel and aluminum imports to 50%
- On Tuesday evening, President Donald Trump signed an executive order raising US tariffs on imported steel and aluminum to 50 percent, effective Wednesday.
- This increase followed earlier tariffs of 25 percent introduced in March and came as Trump sought to pressure key trading partners over trade imbalances and unfair practices.
- The tariffs target dozens of economies including the EU, Japan, Canada, and Mexico, sparking criticism, threats of retaliation, and exemption requests amid ongoing trade talks.
- OECD chief economist Alvaro Pereira warned trade, investment, and consumption have slowed, with the US economy expected to suffer the most significant repercussions.
- The tariff hike intensified global trade tensions, complicated negotiations among OECD members, and prompted the European Union to express strong regret and preparedness to retaliate if necessary.
235 Articles
235 Articles
Billions in Trade at Risk for Indian Metals Industry
Via Metal Miner India is seeing mixed reactions to U.S. President Donald Trump’s new announcement that he is imposing a 50% tariff on all steel and aluminum imports from the country. While the Indian Government sought to play down the new Trump tariffs, with one minister dubbing its impact as “minor,” some analysts, experts and trade bodies are not too sure. Many from this lobby have already expressed grave concern about the likely fallout of …
President Donald Trump unleashed a world trade war on the premise that imposing taxes on other countries would make jobs and factories “return with force” to the United States. Many business leaders have shown their scepticism about this proposal. Some have expressed disbelief. Sanjeev Bahl is optimistic. Bahl oversees some 250 people from his Los Angeles factory who sew, cut and wear denim pants for brands such as Everlane, J. Crew and Ralph La…
What We’re Watching: Trump doubles metal tariffs, Wildfires spread, & More
Trump doubles steel and aluminum dutiesDays after a judge nixed Donald Trump’s “Liberation Day” tariffs, the US president signed an executive order doubling steel and aluminum duties to 50%. Trump hopes the tariffs will boost domestic steel and aluminum industries, but the higher duties are terrible news for Canada, which is the top exporter of both metals to the US. Canada’s US-bound exports of steel were already down before Trump doubled the t…
Trump's steel and aluminum tariffs take effect
JUÁREZ, Chihuahua (KVIA) -- President Trump's tariffs on steel and aluminum took effect on Wednesday, a move that could increase prices and costs on electronics, cars and home goods, among other things. Since the start of President Trump's second term, he has threatened countries with imposing tariffs on various goods, with a focus on steel
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