US EditionNews Wrap: Trump’s Plan to Double Levies on Imported Steel Draws Global Reaction
7 Articles
7 Articles
News Wrap: Trump’s plan to double levies on imported steel draws global reaction
In our news wrap Saturday, global reaction to a surprise tariff announcement from President Trump after he said Friday that was doubling levies on imported steel, Russia launched drone and missile attacks on Ukraine ahead of a fresh round of peace talks and Defense Secretary Pete Hegseth pressed Indo-Pacific allies to increase defense spending as tensions with China rise.
In Video: Trump announces 50% tariffs on steel, aluminum imports
Trump’s Tariff Escalation Sparks Outrage and Concerns Tariffs on Steel and Aluminum Doubled by US President In a move that has been met with dismay from international leaders and business executives, US President Trump has announced plans to double the tariffs on imported steel and aluminum. Currently, American manufacturers rely on overseas imports for about a quarter of their steel requirements. The increased tariffs, which will rise from 25% …
The announcement by the president of the United States, Donald Trump, first in an act before workers of a plant in West Mifflin, Pennsylvania, of the US Steel Corporation, the main American steel company, and then in its own social network, Truth Social, that it will double tariffs on imports of steel and aluminum, from 25 to 50%, aroused reactions from its main suppliers (Canada, almost excluding in the case of aluminum, and together with Brazi…
The alarms sounded among the Argentine businessman when it came to the fact that President Donald Trump wants to double the aliquot of tariffs on the import of steel, which would complicate local exports by about USD 650 million a year. This is one of the key products that Argentina exports to US territory. The main Argentine companies that export steel to the United States are Tenaris and Ternium, which belong to the Techint Group. Trump said h…
U.S. President Donald Trump will double tariffs on imports of steel and aluminum as of June 4, with the aim of protecting industry “from foreign influence and unfair competition.” The bill is viewed with concern by Argentine entrepreneurs, as it could lead to a collapse in local steel activity. The U.S. President visited the United States Steel Corp plant on Friday.
In an event held this Friday in Pennsylvania, US President Donald Trump announced that from next week tariffs on steel imports will double from 25 to 50%. According to him, the decision seeks to protect local producers from what he described as “unfair competition” from abroad. The announcement of the tariff hike means a heavy blow to Argentine exports of steel and aluminum, which have the United States as one of their main markets. In 2024, tra…
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