President Trump is threatening 25% tariffs on imports of steel and aluminum, in a bid to boost US production
But levies can have unintended consequences, as Bloomberg’s Alex Morgan explains https://t.co/c3kdCAva0B
#politics
As he tries to reshape US trade ties with the rest of the world, President Donald Trump has unveiled a new tariff threat: He’s pledged to impose a 25% levy on US imports of steel and aluminum, which were valued at almost $50 billion in 2024. While the move is aimed at strengthening domestic production, it carries implications for the wider economy, given that the US relies on imports to meet a large portion of demand for the metals in sectors such as construction, auto manufacturing, drinks pack
Author: Bloomberg Television
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News post in February 11, 2025, 12:05 am.
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