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Trump Doubles Tariffs to 50% on Steel and Aluminum Imports

Trump Doubles Tariffs to 50% on Steel and Aluminum Imports

Published:
2025-06-04 05:54:01
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President TRUMP has escalated his trade war by doubling tariffs on foreign steel and aluminum imports to 50%, marking the highest rates in decades. The executive order, signed Tuesday, excludes Britain but targets all other trading partners, aiming to protect U.S. manufacturing. The move immediately raises costs for industries reliant on imported metals, with Canada and Mexico—top suppliers to the U.S.—facing significant disruptions.

International reactions have been swift and critical, as the policy threatens to destabilize global trade flows. The order asserts that the hike will counter foreign dumping of cheap metals, though analysts warn of inflationary pressures and supply chain bottlenecks. With a quarter of U.S. steel demand met by imports, the Ripple effects could extend to commodities markets and beyond.

|Square

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