Mon, February 10, 2025
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[ Mon, Feb 10th 2025 ]: BBC
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Trump 2nd term live updates: Trump to discuss steel and aluminum tariffs

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Trump told reporters aboard Air Force One on his way to the Super Bowl that he will announce 25% tariffs on all imports of steel and aluminum.
The article from ABC News discusses former President Donald Trump's plans for a potential second term, focusing on his economic policies, particularly tariffs and trade. Trump has indicated he would impose a 10% tariff on all imports to the U.S., aiming to reduce the trade deficit and fund tax cuts. This policy could reignite trade tensions, especially with China, where Trump has suggested a tariff rate as high as 60% or more. Critics argue that these tariffs could lead to higher prices for American consumers, disrupt global trade, and potentially spark retaliatory measures from other countries. The article also touches on the broader implications of these policies, including potential impacts on inflation, economic growth, and international relations. Additionally, Trump's approach to trade is part of a larger strategy to assert U.S. economic dominance and protect domestic industries, which he believes were unfairly treated in past trade deals.

Read the Full ABC Article at:
[ https://abcnews.go.com/Politics/live-updates/trump-2nd-term-tariffs-trade-war/?id=118643360 ]