Doubling Aluminum and Steel Tariffs - What is President Trump's Plan?
NPV - 06/02/2025 09:00
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 tariff 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 as a move to protect the US metal manufacturing industry, the move is expected to further escalate aluminum and steel prices, affecting sectors such as construction, automobile manufacturing and consumer goods.
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