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On February 9, 2025, U.S. President Donald Trump announced plans to impose a 25% tariff on steel and aluminum imports, as part of a series of trade measures aimed at key partners including China, Mexico, and Canada. The announcement came during a press briefing aboard Air Force One, where Trump indicated that he would detail these tariffs further on February 10.
This latest move follows Trump's previous imposition of tariffs on Chinese goods, which saw a 10% levy applied to products entering the U.S. as of February 11. While Trump temporarily paused 25% tariffs on Canada and Mexico to facilitate ongoing negotiations, the pressure on China has continued to escalate. Trump characterized these tariffs as a step towards achieving his administration's goal of a "golden age" for American trade.
According to experts, these tariffs may spark retaliatory actions from affected countries, potentially igniting further trade conflicts. Economists warn that such moves could impact U.S. consumers and businesses significantly.