A new, 25% import tax on all steel and aluminium coming into the United States has taken effect, drawing swift retaliatory measures from Canada and the European Union. Donald Trump warned of a further response. Sweeping metal tariffs imposed during Trump’s first term did have some positive impact on the US steel and aluminium industries but negatively affected other sectors downstream. Plus, US inflation in February cooled slighly.
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Trump vows further action as US trading partners hit back at 25% steel and aluminium tariffs
