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Trump's steel, aluminum tariffs take effect as US-Canada trade war intensifies

  • President Donald Trump imposed a 25% tariff on all imported steel and aluminum, effective Wednesday, as part of an ongoing trade war.
  • European Commission President Ursula von der Leyen stated the EU would respond with countermeasures worth about $28 billion.
  • The U.S. International Trade Commission found production fell by nearly $3.5 billion due to tariffs in 2021, outweighing the $2.3 billion gain by producers.
  • The tariffs may raise costs for manufacturers using metals, with production losses exceeding gains for domestic producers.
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tippinsights broke the news in on Tuesday, March 11, 2025.
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