Tariffs on Steel and Aluminum Imports

SOURCE www.breitbart.com
President Trump announces new 25% tariffs on steel and aluminum entering the U.S., including from Canada and Mexico. He plans to impose reciprocal tariffs on countries that have levied duties on U.S. goods.

Key Points

  • 25% tariffs on steel and aluminum imports from all countries entering the U.S.
  • Possible imposition of reciprocal tariffs on countries with duties on U.S. goods

Pros

  • Protecting U.S. steel and aluminum industries
  • Creating a level playing field for American manufacturers

Cons

  • Potential for trade disputes and retaliatory measures from affected countries
  • Increased costs for businesses and consumers