Donald Trump signs executive orders imposing 25 per cent tariffs on steel and aluminium

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Tue, February 11, 2025

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Donald Trump signs executive orders imposing 25 per cent tariffs on steel and aluminium

^{Published on 2025-02-10 19:40:41 - MSN}

US President Donald Trump has signed executive orders imposing 25 per cent tariffs on steel and aluminium imports into the United States.

Donald Trump has signed executive orders imposing a 25% tariff on steel and a 10% tariff on aluminum imports, aiming to protect American industries and jobs from what he describes as unfair trade practices. These tariffs are part of Trump's broader "America First" economic policy, intended to revive domestic manufacturing. The decision has sparked concerns about potential trade wars, with critics arguing that it could lead to higher costs for consumers and retaliatory measures from other countries. The European Union, Canada, and Mexico have been temporarily exempted from these tariffs, with negotiations ongoing for permanent exemptions. The move has also raised questions about its impact on global trade relations and the potential for increased prices in industries reliant on these metals.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/politics/government/donald-trump-signs-executive-orders-imposing-25-per-cent-tariffs-on-steel-and-aluminium/ar-AA1yMpnX ]

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