Tribune Online Trade war intensifies as Trump’s steel, aluminium tariffs take effect While Trump argues this move will boost US production, critics warn it will raise consumer prices and hurt industries reliant on metal imports. Trade war intensifies as Trump’s steel, aluminium tariffs take effect Tribune Online
Trump's steel and aluminum tariffs took effect, prompting both support from the US steel industry and warnings of higher consumer prices and harm to metal-reliant industries. The EU announced counter-tariffs, while the UK and Australia criticized the move. Canada, the largest exporter to the US, plans to retaliate, though it aims to avoid escalating tensions. While Trump initially threatened to double tariffs on Canadian steel and aluminum to 50%, he backed down after Ontario suspended planned 25% electricity charges on US exports, but Canada remains subject to the 25% tariffs, keeping tensions high.
