Summary
Donald Trump announced that the U.S. will impose 25% tariffs on all steel and aluminum imports starting Monday, including from Canada and Mexico.
He also plans “reciprocal tariffs” on goods from countries imposing duties on U.S. products.
Markets reacted negatively, with stocks dropping over tariff concerns.
Trump previously paused tariffs on Canada and Mexico but imposed 10% duties on China.
is that how you bring manufacturing back to the US? By making all the materials way more expensive?
Yep. When you’re stuck paying more for the foreign metals, it forces the US suppliers to charge less. Right? 'Murica?
A week ago, during the tariff on/tariff off bs, it was announced that:
The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.
Here’s hoping that stands.
https://globalnews.ca/news/10995839/canafa-aluminum-europe-trump-tariffs/
Trump says he will announce 25% steel and aluminum tariffs Monday
it sounds to me like he announced them today
Trade threats 2, electric aluminoo.
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