WASHINGTON (AP) — President Donald Trump is once again lashing out at three of his biggest irritants: foreign steel, foreign aluminum and Canada. Trump on Wednesday will effectively plaster 25% taxes _ tariffs — on all steel and aluminum imports. And on Tuesday the president said the U.S. would double the forthcoming levy on the […]
US factories are likely to suffer from President Trump's planned 25% tariffs on steel and aluminum imports, potentially raising costs for industries like automakers, construction, and beverage makers. These tariffs, a revival of Trump's earlier policies, primarily target allies like Canada, Mexico, Japan, and South Korea, and aim to protect US steelmakers under the premise of national security. Unlike the first iteration, exemptions and import quotas will not be put in place.
