U.S. President Donald Trump announced plans to impose a 25% tariff on all steel and aluminum imports, escalating global trade tensions. The move, set to take effect immediately, includes reciprocal tariffs matching rates imposed by other countries. \"If they charge us, we charge them,\" Trump told reporters aboard Air Force One, linking the policy to his broader trade strategy overhaul.
Canada, Brazil, and Mexico—top suppliers of U.S. steel—face immediate impacts, with hydropower-rich Canada supplying 79% of America’s aluminum imports this year. Canadian Innovation Minister François-Philippe Champagne criticized the tariffs, stating they threaten U.S.-Canada industrial collaboration in defense and automotive sectors.
Trump also confirmed Japan’s Nippon Steel can invest in U.S. Steel but barred majority ownership, claiming tariffs will \"make it very successful again.\" The announcement follows February 1 executive orders imposing duties on Canada, Mexico, and the Chinese mainland, though negotiations paused tariffs for some partners.
Analysts warn the aggressive measures could disrupt global supply chains and trigger retaliatory moves, echoing 2018 tariffs that sparked trade wars. Biden-era exemptions for the EU, UK, and Japan may now face pressure as Trump doubles down on protectionist policies.
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Trump to announce 25% steel, aluminum tariffs in trade escalation
cgtn.com