Doubling Aluminum and Steel Tariffs - What is President Trump's Plan?
NPV - June 2, 2025 9:00 AM
US President Donald Trump announced over the weekend that he would double tariffs on steel and aluminum imports into the US - from 25% to 50%. The tax increase comes at a time when Mr. Trump's "reciprocal" tariff policy is entangled in legal troubles in the courts. Although he announced this move to protect the US metal manufacturing industry, this move is expected to cause aluminum and steel prices to continue to escalate, affecting areas such as construction, automobile manufacturing and consumer goods.
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