Trump imposes a 25% tariff on imports of steel and aluminum.

President Trump has signed executive orders to impose a 25% tariff on all steel and aluminum imports into the U.S., reinstating previous tariffs and eliminating all exemptions. These measures, effective March 12, have drawn criticism from the European Union, Mexico, and Canada, who deem them unjustified and threatening to respond with countermeasures. The automotive industry, heavily reliant on these imports, may face significant impacts from the new duties. Trump also indicated plans for reciprocal tariffs on additional products, aiming to match rates imposed by other countries.