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Trump Imposes 25 Percent Tariffs on Steel and Aluminum Imports
(MENAFN) US President Donald Trump has announced significant tariffs on key metal imports, placing a 25 percent duty on all steel and aluminum brought into the United States. The new measures, which will take effect next month, come despite warnings of potential retaliation from major exporters such as Canada and Mexico.
“This is a big deal, this is the beginning of making America rich again,” Trump declared during his announcement on Monday evening. The tariffs will apply universally, with no exceptions or exemptions, regardless of the country of origin.
The US is one of the largest steel importers globally, purchasing USD 32.99 billion worth of iron and steel and USD 28.31 billion of aluminum in 2024, primarily from countries like Canada, Brazil, Mexico, South Korea, and Vietnam.
This move continues a trend from Trump’s first term, during which he imposed 25 percent tariffs on steel imports and 10 percent tariffs on aluminum. However, his administration later granted tariff-free quotas to key trading partners such as Canada, Mexico, and Brazil.
“This is a big deal, this is the beginning of making America rich again,” Trump declared during his announcement on Monday evening. The tariffs will apply universally, with no exceptions or exemptions, regardless of the country of origin.
The US is one of the largest steel importers globally, purchasing USD 32.99 billion worth of iron and steel and USD 28.31 billion of aluminum in 2024, primarily from countries like Canada, Brazil, Mexico, South Korea, and Vietnam.
This move continues a trend from Trump’s first term, during which he imposed 25 percent tariffs on steel imports and 10 percent tariffs on aluminum. However, his administration later granted tariff-free quotas to key trading partners such as Canada, Mexico, and Brazil.
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