Trump to slap 25% tariffs on steel and aluminum imports as businesses brace for higher supply costs

Politics and Government Politics and Government

Mon, February 10, 2025

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Trump announces imposition of tariffs on steel and aluminum imports to US

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[ Mon, Feb 10th ] - MSN

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"If you charge us, we charge them:" Trump announces 25% tariffs on steel, aluminium imports to US

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Trump to slap 25% tariffs on steel and aluminum i .. ports as businesses brace for higher supply costs

Trump to slap 25% tariffs on steel and aluminum imports as businesses brace for higher supply costs

^{Published on 2025-02-09 17:41:14 - MSN}

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The article from MSN discusses former President Donald Trump's plan to impose a 25% tariff on steel and aluminum imports if he were to return to office. This policy, aimed at protecting American industries, would likely lead to increased costs for businesses that rely on these materials, potentially affecting sectors like construction, automotive, and manufacturing. The move is part of Trump's broader strategy to prioritize domestic production and reduce reliance on foreign goods, which could result in higher prices for consumers and might provoke retaliatory tariffs from other countries. Businesses are already bracing for the impact, with some expressing concerns over the potential for trade wars and the economic repercussions that could follow.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/trump-to-slap-25-tariffs-on-steel-and-aluminum-imports-as-businesses-brace-for-higher-supply-costs/ar-AA1yHQwG ]

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