Reported about 17 hours ago
President Donald Trump announced that on Monday he will impose a 25% tariff on all steel and aluminum imports, including those from Canada and Mexico. He also indicated that reciprocal tariffs on products from countries that impose duties on U.S. goods will be announced later this week. These measures come earlier in his presidency compared to previous terms and reflect his strategy to use tariffs as a tool for negotiation and revenue generation. Financial markets reacted negatively to these announcements, with concerns over inflation rising among consumers.
Source: YAHOO