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Trump to announce 25% steel and aluminum tariffs in latest trade escalation

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U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul.
The article from MSN discusses former President Donald Trump's announcement of imposing a 25% tariff on steel and aluminum imports, marking a significant escalation in trade tensions. This decision aims to protect American industries from what Trump describes as unfair trade practices by other countries, particularly China. The tariffs are part of a broader strategy to revive U.S. manufacturing and reduce the trade deficit. Critics argue that these tariffs could lead to retaliatory measures from other nations, potentially sparking a trade war, increasing costs for American businesses and consumers, and disrupting global supply chains. The announcement has stirred debate over its economic implications, with supporters praising the move for protecting domestic jobs and industries, while opponents highlight the potential for increased prices and strained international relations.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/trump-to-announce-25-steel-and-aluminum-tariffs-in-latest-trade-escalation/ar-AA1yIjnW ]