Trump signs off on new steel and aluminum tariffs

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Trump signs off on new steel and aluminum tariffs

^{Published on 2025-02-10 20:00:47 - MSN}

President Trump on Monday signed proclamations to bolster tariffs on all steel and aluminum imports into the United States and crack down on attempts by China and Russia to evade penalties. Trump in 2018 announced 25 percent tariffs on steel and 10 percent tariffs on aluminum imports.

The article from MSN discusses former President Donald Trump's decision to impose new tariffs on steel and aluminum imports, aiming to protect American industries and jobs. The tariffs, which include a 25% duty on steel and 10% on aluminum, were part of Trump's broader "America First" trade policy. This move was met with mixed reactions; supporters argue it strengthens domestic manufacturing by making foreign products less competitive, while critics, including some international trade partners, fear it could lead to retaliatory tariffs, increase costs for consumers, and disrupt global trade relations. The article also mentions that these tariffs could potentially escalate trade tensions, particularly with countries like China and the European Union, and might lead to negotiations or trade wars.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-signs-off-on-new-steel-and-aluminum-tariffs/ar-AA1yMrfJ ]

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