U.S. Imposes 25% Tariffs on Steel and Aluminum Imports Amid Global Trade Tensions

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Updated Mar 12, 2025, 08:40 AM

The United States has implemented a 25% tariff on all steel and aluminum imports, effective March 12, 2025. The tariffs, imposed by President Donald Trump, apply to imports from all countries without exemptions. This policy aims to boost domestic manufacturing and protect national security. The tariffs are expected to increase costs for U.S. manufacturers in industries such as automotive and construction. Additionally, trading partners like Canada, the European Union, and China have announced retaliatory measures. The EU plans counter-tariffs on U.S. goods worth $28 billion starting in April. Trump had threatened to raise tariffs on Canadian imports to 50% in response to Ontario's electricity surcharge, but the province suspended the surcharge, leading Trump to maintain the 25% rate. Australia, which sought exemptions, has expressed disappointment, calling the tariffs unjustified. This policy follows Trump's 2018 tariffs, which included exemptions for some nations. The current measures remove all exemptions and expand the scope to include processed products containing steel and aluminum. Market reactions have been negative, with rising costs and uncertainty affecting manufacturers and increasing financial market volatility. Companies like Volvo, Volkswagen, and Honda are reportedly exploring increased U.S. operations amid the trade tensions.

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Sources

nytimes.com(2)reuters.com(2)ilpost.it thehindu.com

New York Times World

@nytimesworld

President Trump’s tariffs of 25 percent on steel and aluminum took effect, escalating America’s trade disputes and worrying U.S. industries. https://t.co/mKr1OltJR6