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Trump imposes 25% tariff on steel and aluminum imports

In March 2018, former U.S. President Donald Trump announced the imposition of a 25% tariff on steel imports and a 10% tariff on aluminum imports, citing national security concerns under Section 232 of the Trade Expansion Act. This decision was met with mixed reactions; while it was supported by domestic steel and aluminum producers, it raised concerns among U.S. manufacturers and trading partners about potential retaliatory tariffs and increased costs for goods. The tariffs were aimed at protecting American industries from what Trump described as unfair trade practices, particularly from China, but they also led to tensions with allies like Canada, Mexico, and the European Union, who were initially exempted but later subjected to the tariffs. The move was part of Trump's broader "America First" economic policy, which sought to renegotiate trade deals and reduce the U.S. trade deficit.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/trump-imposes-25-tariff-on-steel-and-aluminum-imports/ar-AA1yMNuo ]