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Trump says no exemptions on US steel and aluminum tariffs


Published on 2025-03-17 06:40:55 - Reuters
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  • U.S. President Donald Trump said he has no intention of creating exemptions on steel and aluminum tariffs and said reciprocal and sectoral tariffs will be imposed on April 2. Last month, Trump raised tariffs on imports of steel and aluminum to a flat 25%,

In an article from MSN, former President Donald Trump announced that there would be no exemptions for the U.S. steel and aluminum tariffs he imposed during his presidency. Trump's decision was aimed at protecting American industries from what he described as unfair trade practices by other countries. The tariffs, set at 25% on steel and 10% on aluminum, were initially introduced in 2018, sparking significant international backlash and retaliatory measures from trading partners like the European Union, Canada, and Mexico. Trump's stance was that these tariffs were crucial for national security and to revive the U.S. manufacturing sector, despite concerns from economists and some business leaders about potential increases in costs for American consumers and industries reliant on these materials.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/politics/government/trump-says-no-exemptions-on-us-steel-and-aluminum-tariffs/ar-AA1B3H56 ]