What happened the last time Trump imposed tariffs on steel and aluminum
By mid-2019, the tariffs were lifted for Canadian and Mexican imports, which accounted for 27% of the U.S.’s steel imports and 43% of its aluminum imports. The Biden administration later ended tariffs on European Union metals in 2021, amid record-high steel prices fueled by COVID-19 supply chain disruptions.
The European Union hit back with retaliatory tariffs Wednesday, as the 25% tariffs on all steel and aluminum imports into the U.S. came into effect.
America’s largest primary aluminum producer, Century Aluminum, applauded Trump’s reinstatement of a 25% tariff on aluminum imports.
The Trump administration insists there will be no exemptions or exceptions. That hasn’t stopped some from seeking carve-outs.
22hon MSN
If the U.S. implements and sustains a 25% tariff on its neighboring countries, economists say it will have a major impact on ...
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