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Trump to Impose 25% Tariffs on Steel and Aluminum Imports, Including from Canada
President Donald Trump announced plans to implement a 25% tariff on all steel and aluminum imports into the United States, effective Monday. This move extends beyond existing tariffs and includes imports from Canada, Mexico, and other countries.
In addition to the metals tariffs, Trump indicated that reciprocal tariffs would be introduced later in the week. These measures aim to counteract duties imposed by other nations on U.S. goods.
The announcement has raised concerns about escalating trade tensions, particularly with Canada, a key trading partner. Canadian Prime Minister Justin Trudeau has expressed readiness to respond to any tariffs on Canadian exports.
Economists warn that these tariffs could disrupt supply chains and lead to higher prices for consumers. The situation remains fluid, with potential for further developments in the coming days.
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