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Trump to announce 25% steel and aluminium tariffs in latest trade salvo

The article from MSN discusses former President Donald Trump's announcement of imposing a 25% tariff on steel and a 10% tariff on aluminum imports, marking a significant move in his administration's trade policy. This decision was part of a broader strategy to protect American industries from what was perceived as unfair trade practices by other countries, particularly China. The tariffs were intended to revive the U.S. steel and aluminum sectors, which had been struggling due to global overcapacity and cheap imports. Critics argued that these tariffs could lead to retaliatory measures from trade partners, potentially sparking a trade war, while supporters believed it would bring back jobs and strengthen national security by ensuring domestic production of these critical materials. The announcement was met with mixed reactions, with some industries and workers in the U.S. applauding the move, while others, including many in the manufacturing sector that rely on imported metals, expressed concerns over increased costs and potential job losses.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/trump-to-announce-25-steel-and-aluminium-tariffs-in-latest-trade-salvo/ar-AA1yKZXK ]