President Donald Trump has signed a directive doubling tariffs on steel and aluminum imports to 50%, escalating the trade agenda.
The move was announced during a visit to a U.S. Steel plant in Pennsylvania, is aimed at further securing the American steel industry. The increased levies come ahead of a July 9 deadline tied to a broader tariff strategy known as “liberation day,” despite ongoing legal challenges in U.S. courts.
The decision has drawn sharp criticism from key trading partners, including Canada and the European Union. Both have signaled plans for retaliatory tariffs if trade negotiations fail. Canada, the largest exporter of steel to the U.S., warned of severe economic consequences, while the EU is preparing countermeasures for mid-July.
Photo Credit: Business Standard.
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