US President Donald Trump signed executive orders imposing 25 percent tariffs on steel and aluminum imports from several countries, including Canada, Mexico, the EU, and the UK, starting March 12. This move escalates a long-anticipated trade war, despite warnings from international partners. The tariffs aim to protect US industries from unfair competition and address concerns about transshipment of goods from countries like China. Trump also hinted at potential future tariffs on automobiles, pharmaceuticals, and computer chips.
: US President Donald Trump signed executive orders to impose 25 percent tariffs on steel and aluminum imports from March 12, ramping up a long-promised trade war despite warnings from Europe and China.In an executive order released Monday, Trump said: “As of March 12, 2025, all imports of aluminum articles and derivative aluminum articles from Argentina, Australia, Canada, Mexico, EU countries, and the UK shall be subject to the additional ad valorem tariff.
The tariffs also appear to indirectly target China, with the executive orders detailing how certain countries -- particularly Mexico -- were “using” their exemptions to get Chinese imports into the United States. Canada, Mexico and Brazil are among the biggest steel importers to the United States, followed by South Korea.
During his 2017-2021 presidency, he had imposed sweeping tariffs as he believed US industries faced unfair competition from Asian and European countries.Canadian steelmakers warned of “massive” disruption, while the European Commission said it would “react to protect the interests of European businesses, workers and consumers from unjustified measures.”“Unjustified tariffs on the EU will not go unanswered -- they will trigger firm and proportionate countermeasures,“ she said in a statement.
TRUMP TARIFFS STEEL ALUMINUM TRADE WAR
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