Trump’s 50% Tariffs on Foreign Steel and Aluminum Take Effect: Impact on Trade and Prices
On June 4, 2025, President Donald Trump’s executive order doubling tariffs on foreign steel and aluminum from 25% to 50% took effect, intensifying his trade war to protect U.S. industries. Announced during a rally at U.S. Steel’s Mon Valley Works in Pennsylvania, the tariffs aim to shield American steel and aluminum producers from low-priced imports, … Read more