US Expands Steel and Aluminum Tariffs, Targeting Hundreds of Products
In a significant move, the US government has expanded its steel and aluminum tariffs, now affecting more than 400 additional product types, including everyday items such as deodorant, baby gear, and kitchenware. This new ruling imposes a 50% tariff on a wide range of goods, raising concerns among manufacturers and consumers alike about potential price increases. The tariffs will also impact various sectors, including the automotive industry and furniture production, as well as imported items like e-bikes and industrial equipment. Experts warn that this expansion could increase trade risks globally and complicate logistics for many importers.
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