Trump Slaps 25% Tariff on Steel Imports, Reigniting Trade Tensions

President Donald Trump has signed a proclamation reimposing a 25% tariff on all steel imports entering the United States, effective immediately. This move, reminiscent of his first term, aims to protect domestic steel producers but risks escalating global trade tensions. The tariff applies to all countries, including key allies like Canada and Mexico, with no exceptions or exemptions. Trump also hinted at upcoming "reciprocal tariffs" to be announced later this week, potentially further straining international trade relations.
Source: Reuters