Imposition of Tariffs on Steel and Aluminium

Donald Trump has enacted a 25% tariff on all steel and aluminium imports into the United States, with no exemptions or exceptions. This move aims to boost domestic production and is seen as a significant step towards revitalizing the American manufacturing sector. Currently, the U.S. imports about 50% of its aluminium and roughly 10% of its steel, with major suppliers including Canada, Mexico, Japan, and South Korea. By encouraging production within the U.S., Trump believes this will create jobs and contribute to economic growth, a key aspect of his 'Make America Great Again' platform.