The Beijing Hour U.S. doubling of steel and aluminum tariffs sparks criticism
Jun 5, 2025
The U.S. decision to double tariffs on steel and aluminum has drawn sharp criticism from international trade partners, raising concerns about rising consumer costs and disruptions in key industries. In the environmental realm, the 54th World Environment Day focuses on tackling plastic pollution and highlights conservation efforts for leatherback turtles. Meanwhile, geopolitical tensions are examined, with notable discussions on U.S.-China relations and the broader implications for global trade dynamics.
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Tariff Doubling Disrupts Trade
- Doubling tariffs on steel and aluminum disrupts global supply chains and harms both exporters and the U.S. itself.
- The move is widely criticized as protectionist and harmful to multilateral trade rules.
Europe's Aluminum Scrap Strategy
- European producers want to limit aluminum scrap exports to the U.S. to protect domestic industry.
- Scrap is valued for being more energy efficient, greener, and cheaper than primary aluminum.
South Korea Steel Tariff Crisis
- South Korea faces a crisis as 50% tariffs strain its steel and aluminum sectors.
- Government and industry coordinate emergency measures to mitigate impact amid new administration's focus.