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Trump signs order hiking steel tariffs

World Business Report

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Impact of Steel Tariffs on the U.S. Economy

This chapter examines the recent increase in steel tariffs imposed by the U.S. government, focusing on the effects on the steel industry, domestic automakers, and international trade relationships. It delves into the complexities of negotiating trade agreements with countries like Canada and the EU, addressing both the potential job creation within the U.S. steel sector and the rising costs for companies reliant on steel imports. The discussion also critiques the broader implications of these tariffs on economic inequality and the effectiveness of current trade strategies.

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