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


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  US President Donald Trump intends to impose a 25% tariff on all steel and aluminum imports to the country. This move puts America's relations with some of its largest trading partners at risk, reports Bloomberg.

The article from MSN discusses former President Donald Trump's announcement of imposing tariffs on steel and aluminum imports to the United States. Trump's decision was aimed at protecting American industries and jobs, particularly in the steel and aluminum sectors, which he argued were being unfairly treated by foreign competitors. The tariffs, set at 25% on steel and 10% on aluminum, were introduced under Section 223 of the Trade Expansion Act, citing national security concerns. This move was met with mixed reactions; while some domestic producers and unions supported the tariffs for protecting local industries, critics, including many international trade partners and some U.S. businesses that rely on imported metals, expressed concerns over potential trade wars, increased costs for consumers, and retaliatory measures from other countries. The article also touches on the broader implications for global trade relations and the ongoing debate over protectionism versus free trade.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/trump-announces-imposition-of-tariffs-on-steel-and-aluminum-imports-to-us/ar-AA1yJiT0 ]

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