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[ Wed, Feb 12th ]: redstateobserver
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[ Wed, Feb 12th ]: Time
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Tue, February 11, 2025
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Trump will stack metal tariffs on top of looming 25% levies: White House

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
If stacked on top of broad levies, Donald Trump's tariffs on Canadian steel and aluminum imports into the U.S. would go up to 50 per cent.
The article from MSN discusses the Trump administration's plan to impose additional metal tariffs on top of the existing 25% levies on steel and aluminum imports. This decision comes as part of a broader strategy to protect domestic industries and address trade imbalances. The new tariffs are expected to target countries that have been circumventing the earlier tariffs through third countries or by slightly altering the products to avoid classification as steel or aluminum. The move has raised concerns about potential retaliation from trading partners, increased costs for U.S. manufacturers, and possible inflationary pressures. Critics argue that these tariffs could disrupt global trade, harm American businesses that rely on imported metals, and potentially lead to job losses in industries that use these materials extensively. However, supporters of the policy believe it will strengthen U.S. manufacturing by making foreign metal less competitive, thereby encouraging domestic production.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/trump-will-stack-metal-tariffs-on-top-of-looming-25-levies-white-house/ar-AA1yUgSA ]