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US TARIFFS BEGIN TO TAKE EFFECT

  • President Donald Trump increased tariffs on steel and aluminum imports to 25%, removing exemptions and drawing retaliation from Canada and the EU.
  • Canada plans to impose retaliatory tariffs worth $20.7 billion on U.S. goods, including steel and aluminum products, due to these increased tariffs.
  • Economic experts predict U.S. inflation will rise by approximately 0.41% due to increased import prices, impacting production costs across various industries.
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Analysis by Chris Isidore, CNN President Donald Trump said automakers can avoid his tariffs simply by moving production to US plants. But it's not that easy. Not by a long shot. A wide variety of tariffs have already hit, or are about to hit, the auto industry, potentially adding thousands of dollars to the cost of building and buying a new car. This week, 25% tariffs on steel and aluminum imports went into effect, and levies on cars from Asia a…

·Idaho Falls, United States
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At the end of 2024, international merchandise trade rose, but expectations for global trade remain negative and further aggravated by the possible escalation of commercial and geopolitical tensions...

·Milan, Italy
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  • 54% of the sources are Center
54% Center
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The Metal Packager broke the news in on Wednesday, March 12, 2025.
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