Global Backlash as US Imposes New Steel and Aluminum Tariffs
Key Points The U.S. raised aluminum tariffs to 25%, removing country exemptions for steel and aluminum imports. Mexico, Canada, and the EU strongly condemned the decision, warning of potential countermeasures. Trump hinted at additional tariffs on automobiles, semiconductors, and pharmaceuticals. A new North American standard will limit Chinese and Russian steel and aluminum from entering the U.S. market. The United States has sparked international criticism after President Donald Trump announced new tariffs on all steel and aluminum imports. The move,...