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.
248 Articles
248 Articles
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How tariffs on aluminium and steel are impacting a recycling business in Pennsylvania
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Tariffs on aluminum and steel doubled to 50% on Wednesday, and some businesses in Michigan are celebrating. “Some people, I hear them complain in the industry. I personally am a big proponent of the tariffs,” David Rifkin, CEO of Rifkin Scrap Iron and Metal Company, told WNEM. “I love the fact that we’re finally taking […]
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