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Trump's 25% tariffs on steel and aluminum imports take effect

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U.S. President Donald Trump's 25% tariffs on steel and aluminum imports came into effect Wednesday. The European Union said on Wednesday it would impose counter-tariffs on 26 billion euros ($28.33 billion) worth of U.
The article discusses the implementation of a 25% tariff on steel and a 10% tariff on aluminum imports by former U.S. President Donald Trump, which took effect in 2018. These tariffs were aimed at protecting domestic industries but led to significant international backlash. In response, the European Union (EU) retaliated by imposing tariffs on a range of American products including Harley-Davidson motorcycles, bourbon whiskey, and orange juice. The EU's countermeasures were designed to target products from states that supported Trump, aiming to pressure the U.S. into reconsidering its tariff policy. This trade dispute has had ongoing effects, influencing global trade relations and prompting discussions on trade protectionism versus free trade.

Read the Full CNBC Article at:
[ https://www.msn.com/en-us/politics/government/trump-s-25-tariffs-on-steel-and-aluminum-imports-take-effect-europe-retaliates/ar-AA1AJDMC ]