Trump Declares No Exemptions for Steel and Aluminum Tariffs, Expands Trade Measures

President Trump confirms additional reciprocal and sectoral tariffs to begin on April 2, escalating global trade tensions.

President Trump has reaffirmed the imposition of 25% tariffs on steel and aluminum imports, with no exemptions for any countries.
New reciprocal and sectoral tariffs targeting autos and other imports are set to take effect on April 2, which Trump calls a 'liberating day.'
Canada and the European Union have responded with retaliatory tariffs, while Mexico has opted for a diplomatic approach, delaying potential countermeasures.
Economists warn that the tariffs could slow U.S. economic growth, increase consumer prices, and heighten the risk of a recession.
States reliant on trade with Canada and Mexico, as well as U.S. farmers and manufacturers, are expected to face significant economic challenges due to the tariffs.