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Trump metals tariffs draw swift retaliation from Canada and EU

Financial Express Mumbai

|

March 13, 2025

PRESIDENT DONALD TRUMP'S increased tariffs on all US steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade in favor of the US and drawing swift retaliation from Canada and Europe.

- DAVID LAWDER, ANDREA SHALAL & PHILIP BLENKINSOP

Trump's action to bulk up protections for American steel and aluminum producers restores effective tariffs of 25% on all imports of the metals and extends the duties to hundreds of downstream products, from nuts and bolts to bulldozer blades and soda cans. US commerce secretary Howard Lutnick said nothing could stop the tariffs and Trump would impose trade protections on copper as well.

Canada, the biggest foreign supplier of steel and aluminum to the United States, announced 25% retaliatory tariffs on goods including steel, aluminum, computers, sports equipment and other products worth C$29.8 billion in total.

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Rapido breaches ₹1K-cr revenue mark in FY25

BENGALURU-BASED RIDE-HAILING UNICORN Rapido posted operating revenue of ₹934 crore in FY25, a 44% increase from ₹648 crore in the previous fiscal, according to consolidated financials accessed from the Registrar of Companies.

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Markets log worst day in 8 months on weak earnings

INVESTOR WEALTH ERODES ALMOST ₹10 LAKH CRORE

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Netflix amends Warner Bros deal to all cash

NETFLIX REACHED AN amended, all-cash agreement to buy Warner Bros. Discovery Inc’s studio and streaming business as it battles Paramount Skydance to acquire one of Hollywood’s most iconic entertainment companies.

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India among top investment hubs

13% of global CEOs prefer higher investments in country: PwC survey

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3 mins

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FM set to line up reform blitz

Tariff cuts, boost to exports, higher FDI in PSBs likely

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3 mins

January 21, 2026

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Embassy enters Mumbai realty mkt

REALTY FIRM EMBASSY Developments (EDL) has forayed into the residential real estate market in the Mumbai Metropolitan Region (MMR) with three new projects, marking its entry into India’s most expensive housing market.

time to read

1 mins

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AI anxiety grips millennials, Gen Z

AS AI TRANSFORMS workplaces, a Randstad survey says employers are optimistic but Gen Z is anxious, fearing automation will reward firms more than workers

time to read

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Jute Commissioner tightens raw jute stock limits

THE JUTE COMMISSIONER has reduced the permissible stock-holding limits for raw jute by traders and mills with immediate effect, amid a surge in prices to around ₹13,000 per quintal officials said.

time to read

1 min

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Rethink amid fragmented supply chains

The prevailing ad-hoc tariff-centric responses to geopolitical volatility are insufficient to guarantee sustained economic security and domestic resilience

time to read

3 mins

January 21, 2026

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Lodha to invest ₹1L cr more in Maha

Developers will invest ₹1.3 lakh crore to build a 2.5 gigawatt data centre park near Mumbai as part of its strategy to expand business.

time to read

1 mins

January 21, 2026

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