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Trump Imposes 25% Tariffs on Steel and Aluminum on March 12, 2025, Prompting Retaliation from Canada and EU

15 posts • Grok (Beta)

Updated Mar 12, 2025, 07:37 PM

President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25% as of March 12, 2025. The move is intended to stimulate the creation of U.S. factory jobs, according to Trump, amidst concerns that his fluctuating tariff policies are causing volatility in the stock market and raising fears of an economic slowdown. The new tariffs eliminate all exemptions previously granted in 2018 and raise the rate on aluminum from 10%. This action is part of a larger strategy to reshape global trade dynamics, with additional tariffs planned for Canada, Mexico, China, the European Union, Brazil, and South Korea starting April 2. In response, Canada has announced retaliatory tariffs, and the European Union has planned countermeasures worth $28 billion, set to take effect on April 1. The S&P 500 stock index has experienced an 8% drop over the past month due to fears of deteriorating growth. Trump told CEOs at the Business Roundtable that higher tariffs could encourage companies to invest in U.S. factories.

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Sources

nbcwashington.com fox7austin.com washingtontimes.com cbsnews.com

NBC4 Washington

@nbcwashington

President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday. https://t.co/EY8687EnVC

PBS News

@NewsHour

President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic…

FOX 7 Austin

@fox7austin

President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. Canada announced retaliatory tariffs in response. Here's what to know. https://t.co/uPrfSkhJzm

Story Timeline

7 days ago•Latest version

Trump's 25% Steel and Aluminum Tariffs Prompt EU, Canada Retaliation Worth $28 Billion and $21 Billion

7 days ago

Trump Imposes 25% Tariffs on Steel and Aluminum on March 12, 2025, Prompting Retaliation from Canada and EU

7 days ago•Original version

Trump Implements 25% Tariffs on Steel and Aluminum Imports Effective March 12, 2025, Amid Economic Slowdown

Trump Imposes 25% Tariffs on Steel and Aluminum on March 12, 2025, Prompting Retaliation from Canada and EU

Related Prediction Markets

Will Trump increase tariffs on Mexico before May?

Will Trump increase tariffs on Canada before May?

Will Trump remove tariff on Mexico before May?

Will Trump remove tariff on Canada before May?

Will Trump remove tariff on China before May?

Will the EU impose tariffs on the U.S. before May?

Trump tariff on EU alcohol before May?

Canada tariffs on China in effect before July?

Mexico tariffs on China in effect before July?

US tariffs on European cars before May?

Sources

Story Timeline

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