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Trump raises tariff on steel; local industry fears dumping
The New Indian Express Bengaluru
|February 12, 2025
US president Donald Trump on Monday raised the tariff on steel and aluminum to 25%, as was hinted at by him to the media a day before.
The White House in a press note on Monday said that President Trump is taking action to protect America's critical steel and aluminum industries, which have been harmed by unfair trade practices and global excess capacity. "President Trump is reinstating the full 25% tariff on steel imports and increasing tariffs on aluminum imports to 25%", said that note.
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