Trump Imposes 25% Tariffs on Steel & Aluminum Imports:
U.S. President Donald Trump has officially announced a 25% tariff on all steel and aluminum imports, a move set to take effect from March 4, 2025. The decision eliminates previous country-specific exemptions, impacting key exporters like Canada, Brazil, Mexico, and South Korea. The administration has framed this as a step to simplify tariff policies, boost domestic production, and address concerns of foreign dumping. This announcement marks a return to the protectionist trade policies that characterized Trump’s first term in office.
