Mon, February 10, 2025
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[ Mon, Feb 10th ]: MSN
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[ Mon, Feb 10th ]: MSN
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Trump to slap 25% tariffs on steel and aluminum imports as businesses brace for higher supply costs

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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 ]