Trump signs order imposing 25 per cent tariffs on steel and aluminum

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Trump signs order imposing 25 per cent tariffs on steel and aluminum

^{Published on 2025-02-10 18:20:39 - MSN}

U.S. President Donald Trump is slapping 25 per cent tariffs on all steel and aluminum imports into the United States, including Canadian products.

The article from MSN discusses former President Donald Trump's decision to impose a 25% tariff on steel and a 10% tariff on aluminum imports, announced in March 2018. This move was aimed at protecting U.S. industries and jobs, citing national security concerns under Section 232 of the Trade Expansion Act. The tariffs were met with mixed reactions; while some domestic producers and workers in the steel and aluminum sectors welcomed the protection, critics, including many international trade partners, argued that these tariffs could lead to retaliatory measures, increase costs for American manufacturers, and potentially spark a trade war. The decision was part of Trump's broader "America First" economic policy, which sought to renegotiate trade deals and reduce the trade deficit. However, it also raised concerns about rising prices for consumers and strained relations with allies like Canada, Mexico, and the European Union, who were initially exempted but later faced the tariffs as well.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/trump-signs-order-imposing-25-per-cent-tariffs-on-steel-and-aluminum/ar-AA1yM0Qu ]

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