US President Donald Trump has imposed tariffs on all steel and aluminum imports, sparking concerns of a trade war. Mexico, Canada, and the European Union have condemned the move, threatening retaliatory measures. Businesses in the US are also bracing for the impact, with many facing uncertainty and increased costs.
Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.
Mexican Economy Minister Marcelo Ebrard called the tariff decision “not justified” and “unfair.” He did not say if Mexico planned reciprocal tariffs on steel or aluminum it imports from the United States. Trump said on Monday he would announce reciprocal tariffs over the next two days on all countries that impose duties on U.S. goods, and said he was also looking at tariffs on cars, semiconductors and pharmaceuticals.
One option for the EU would be to reactivate the tariffs it imposed in 2018 during Trump's first term, which were suspended under an agreement with his predecessor, President Joe Biden.
TRADE WAR TARIFFS STEEL ALUMINUM MEXICO CANADA EU
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