Trump's steel and aluminum tariffs "ignite" panic! Executives of American companies are as anxious as ants on a hot pot...
① The USA President Trump announced a 25% tariff on all Steel and Aluminum imported to the USA, expected to take effect in mid-March, affecting a variety of companies like Coca-Cola and Ford; ② USA companies are adopting various strategies to respond, including changing their import product mix or directly passing costs to consumers.
Govt Urged To Act Swiftly Over Possible Steel Dumping Amid 25% US Tariff
Trump's tariffs have driven up Metal prices in the USA, highlighting the difficulty of relying on domestic production to meet demand!
According to foreign media reports, prices of Industrial Metals in the USA continued to rise on Tuesday, reflecting the impact of President Trump's 25% tariffs on Steel and Aluminum, as the industrial sector will find it difficult to procure enough domestic materials.
The EU, Canada, and Mexico are collectively outraged! They will strongly retaliate against the USA's Steel and Aluminum tariffs.
The potential trade dispute between the USA and its closest allies is escalating. The EU plans to take countermeasures, which may reactivate tariffs from 2018.
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Canada's Trudeau Pushes 'Firm and Clear' Response to U.S. Tariffs on Steel, Aluminum
Trump imposes Steel and Aluminum tariffs, multiple European countries respond strongly: they will not hesitate to retaliate!
On the 10th local time, US President Trump signed an executive order announcing a 25% tariff on all Steel and Aluminum imported to the USA; This move sparked a wave of retaliation warnings from America's European trading partners; Many analysts view Trump's tariffs as a negotiating tool to force other countries to make concessions.
Trump signed an executive order imposing a 25% tariff on all Steel and Aluminum imports to the USA.
The trade war is escalating! Analysts believe that Trump's actions will fulfill the desires of the most extreme trade protectionists for years. Spot Gold has once again set a new historical high!
Historical review: What happened after Trump implemented Steel and Aluminum tariffs in 2018?
① Trump announced the reintroduction of Steel and Aluminum tariffs; ② After the introduction of Steel and Aluminum tariffs during Trump's first term, there was a swift retaliatory response from Global trade partners, which ultimately affected domestic manufacturers, and the United States Steel Infrastructure did not rebound as expected; ③ Following that round of impacts, the methods of retaliating against the 'Trump tariffs' by major trade partners of the United States have become increasingly diverse.
Trump: On Monday, he will announce a 25% tariff on all imported Steel and Aluminum.
Trump plans to announce a 25% tariff on Steel and Aluminum on Monday, and reciprocal tariffs will also be announced this week.
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