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Trump signs executive order raising tariffs on steel and aluminum imports to 50%

UNITED STATES, JUN 4 – President Trump raised tariffs on steel and aluminum imports to 50% under Section 232 to protect U.S. industries while temporarily exempting the UK after a recent trade deal.

  • On April 2, 2025, U.S. President Donald Trump signed an executive order doubling tariffs on steel and aluminum imports to 50 percent at a White House event titled "Make America Wealthy Again."
  • The tariff increase followed earlier levies imposed this year aimed at boosting domestic investment and escalated tensions amid disputed trade practices with China and other partners.
  • The European Union, Canada, and other allies condemned the higher tariffs as illegal and unjustified, with the EU warning the move undermines efforts for negotiated solutions highlighted at OECD talks this week.
  • German Economy Minister Katherina Reiche emphasized the need for swift negotiation, warning that the window for agreement is closing, as the Group of Seven planned trade discussions following the implementation of new tariffs on Wednesday.
  • The tariffs risk harming global trade and putting European steel jobs at risk, with a €21 billion counter-tariff package ready and ongoing legal challenges reflecting broader economic repercussions.
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Mexican aluminum, steel exporters say sales in US down 63% due to tariffs

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Invezz broke the news on Sunday, June 1, 2025.
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