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News in English (USA) / 10.02.2025 / 03:00

Trump Set to Announce New 25% Tariffs on Steel and Aluminum Imports

In a significant escalation of trade measures, Donald Trump is poised to announce a new round of tariffs totaling 25% on steel and aluminum imports, impacting all countries including Canada. This decision is expected to be formally unveiled on Monday, amid ongoing concerns over rising supply costs for businesses. The announcement has already led to stock market fluctuations as major economies brace for potential reciprocal tariffs. As trade tensions mount globally, Trump has indicated that these tariffs will affect a wide range of sectors, including education and defense, as the administration seeks savings to offset costs.
BBC.com, The New York Times, CNN, The Wall Street Journal, Bloomberg, USA TODAY, Reuters, Nikkei Asia, CBC News, The Hill