If and when President Donald Trump’s tariffs on steel and aluminum take effect at a minute past midnight in Washington on Wednesday, it will mark a repeat of first-term levies that he and his supporters argue helped rescue the US’s metal makers.
New Trump tariffs on steel and aluminum, potentially impacting over $150 billion in imported consumer products, are set to take effect. These tariffs, including 25% levies on items like baseball bats, fishing equipment, and burial caskets, mark a broader targeting of imports compared to Trump's first term, raising concerns about economic slowdown and the effects of protectionism on the U.S. economy.