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News in English (USA) / 12.03.2025 / 06:00

Trade War Escalation: Trump’s 25% Tariffs on Steel and Aluminum Take Effect

The trade war intensifies as President Trump imposes sweeping 25% tariffs on all steel and aluminum imports into the United States. These tariffs have raised concerns among American industries, with experts warning that costs could increase significantly. While some U.S. steel and aluminum manufacturers are optimistic about the tariffs, others are apprehensive about the potential negative impacts on local businesses. The tariffs have also spurred global reactions, with Canada navigating U.S. duties on its aluminum industry and the UK choosing not to retaliate immediately. Analysts are skeptical about the potential job creation promised by Trump, given the potential strain on U.S. factories. The situation continues to evolve, with possible retaliatory measures looming from other countries affected by these trade policies.
BBC.com, CNN, Bloomberg, Fox Business, The New York Times, Reuters, Yahoo Finance, The Associated Press, The Economist, The Guardian