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Trump's 25 percent tariffs on all steel and aluminum imports go into effect
The Statesman Siliguri
|March 13, 2025
President Donald Trump officially increased tariffs on all steel and aluminum imports to 25 percent on Wednesday, promising that the taxes would help create American factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown.
Trump removed all exemptions from his 2018 tariffs on the metals, in addition to increasing the tariffs on aluminum from 10 percent. His moves, based off a February directive, are part of a broader effort to disrupt and transform global commerce. The American president has separate tariffs on Canada, Mexico and China, with plans to also tax imports from the European Union, Brazil and South Korea by charging "reciprocal" rates starting on 2 April.
Diese Geschichte stammt aus der March 13, 2025-Ausgabe von The Statesman Siliguri.
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