Trump Doubles Steel Tariffs: Trade War Escalates

  Published 1 year ago

President Trump announced a doubling of steel tariffs from 25% to 50%, aiming to bolster the U.S. steel industry and escalate trade tensions. The increase taking effect next week covers a broad range of metal products.

  • Tariffs jump to 50% on steel imports next week.
  • Affected goods include diverse products ~$147B total.
  • This exceeds initial 2018 China tariffs ($50B).

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