Trump announces tariffs of 25% on steel and aluminum

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Trump announces tariffs of 25% on steel and aluminum

^{Published on 2025-02-11 22:20:51 - MSN}

President Trump announced that 25% tariffs will be imposed on all imports of aluminum and steel to the United States starting Monday.

The article from MSN discusses former President Donald Trump's announcement of imposing a 25% tariff on steel and a 10% tariff on aluminum imports, a policy he enacted during his presidency in 2018. This move was aimed at protecting American industries and jobs, particularly in the steel and aluminum sectors, by making foreign products less competitive in the U.S. market. The tariffs were part of Trump's broader "America First" economic policy, which sought to reduce the trade deficit and encourage domestic production. Critics argue that these tariffs could lead to higher prices for consumers, potential retaliation from trade partners, and disruptions in global supply chains. The article also touches on the ongoing debate about the effectiveness and economic impact of these tariffs, with some industries benefiting while others face increased costs.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/trump-announces-tariffs-of-25-on-steel-and-aluminum/ar-AA1yRkma ]

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