Trump Imposes Significant Tariffs on Metals
The US is set to implement an additional 25% tariff on all imports of steel and aluminum beginning next month. Read Full Article at RT.com.
TroibNews 
The US is set to implement additional 25% duties on all steel and aluminum imports beginning next month.
President Donald Trump has announced extensive tariffs on these key metal imports. The new duties on steel and aluminum will be enforced without exceptions, affecting all countries.
“This is a big deal, this is the beginning of making America rich again,” Trump stated during the announcement, highlighting the sweeping nature of the tariffs.
As one of the largest importers of metals globally, the US primarily relies on Canada, Brazil, Mexico, South Korea, and Vietnam. In 2024, US imports of iron and steel reached $32.99 billion, while aluminum purchases amounted to $28.31 billion, according to UN trade data.
During his first presidency, Trump imposed 25% tariffs on steel and 10% on aluminum imports. His administration later allowed tariff-free quotas for key trading partners like Canada, Mexico, and Brazil.
In his latest efforts to safeguard the US economy, Trump previously placed 25% tariffs on all imports from Mexico and Canada and 10% on Chinese imports. However, these tariffs were delayed for 30 days after discussions with leaders from Mexico and Canada, who committed to enhancing border security. Recently, the administration also paused a significant part of the tariffs on China, allowing small-value packages to retain their duty-free status after initial tariff measures caused disruptions in deliveries.
In response, the European Commission announced it would counteract what it deemed “unlawful and economically counterproductive” tariffs levied on aluminum and steel.
French Foreign Minister Jean-Noel Barrot commented that retaliation is unavoidable when the tariffs are implemented, recalling a similar scenario in 2018 when Brussels responded to previous tariff increases by imposing duties on a variety of US goods, including motorcycles, jeans, and bourbon.
Frederick R Cook contributed to this report for TROIB News
President Donald Trump has announced extensive tariffs on these key metal imports. The new duties on steel and aluminum will be enforced without exceptions, affecting all countries.
“This is a big deal, this is the beginning of making America rich again,” Trump stated during the announcement, highlighting the sweeping nature of the tariffs.
As one of the largest importers of metals globally, the US primarily relies on Canada, Brazil, Mexico, South Korea, and Vietnam. In 2024, US imports of iron and steel reached $32.99 billion, while aluminum purchases amounted to $28.31 billion, according to UN trade data.
During his first presidency, Trump imposed 25% tariffs on steel and 10% on aluminum imports. His administration later allowed tariff-free quotas for key trading partners like Canada, Mexico, and Brazil.
In his latest efforts to safeguard the US economy, Trump previously placed 25% tariffs on all imports from Mexico and Canada and 10% on Chinese imports. However, these tariffs were delayed for 30 days after discussions with leaders from Mexico and Canada, who committed to enhancing border security. Recently, the administration also paused a significant part of the tariffs on China, allowing small-value packages to retain their duty-free status after initial tariff measures caused disruptions in deliveries.
In response, the European Commission announced it would counteract what it deemed “unlawful and economically counterproductive” tariffs levied on aluminum and steel.
French Foreign Minister Jean-Noel Barrot commented that retaliation is unavoidable when the tariffs are implemented, recalling a similar scenario in 2018 when Brussels responded to previous tariff increases by imposing duties on a variety of US goods, including motorcycles, jeans, and bourbon.
Frederick R Cook contributed to this report for TROIB News
