Reported about 18 hours ago
President Donald Trump is set to announce a 25% tariff on all imported steel and aluminum, affecting all countries. This decision will be revealed on Monday, with additional reciprocal tariffs against nations taxing U.S. imports expected later in the week. As tensions rise over trade relations with China, Trump has paused other tariffs on Canada and Mexico, showing a tendency to use tariffs as negotiation tools rather than strict economic measures. Economists warn that these tariffs may increase costs for U.S. manufacturers and consumers, ultimately impacting the economy.
Source: YAHOO