Trump’s Steel and Aluminum Tariffs Ignite Global Trade Tensions

The newly imposed 25% tariffs have prompted retaliatory measures, diplomatic negotiations, and warnings of economic fallout worldwide.

The United States has implemented 25% tariffs on steel and aluminum imports, citing economic and national security concerns, impacting key trading partners globally.
Canada and the European Union have announced retaliatory tariffs on billions of dollars' worth of U.S. goods, targeting products like steel, bourbon, and motorcycles.
The UK is pursuing a diplomatic approach, aiming to negotiate exemptions while facing pressure from domestic industries to impose countermeasures.
Industries relying on steel and aluminum, including automotive, construction, and consumer goods, warn of rising costs that may be passed on to consumers in the form of higher prices.
Critics argue the tariffs undermine international trade norms, strain alliances, and risk triggering a broader economic slowdown.