Trump Implements Steel and Aluminum Tariffs Despite Global Pushback
In a significant shift in U.S. trade policy, President Donald Trump signed executive orders on Monday imposing a 25% tariff on steel and aluminum imports. This decision, which has sparked concerns among major global economies, is part of Trump’s ongoing push to reshape international trade dynamics, according to AFP.
The announcement followed Trump’s remarks while traveling to Louisiana for the Super Bowl, where he outlined his intention to enforce the tariffs aboard Air Force One. Despite the looming trade restrictions, global stock markets showed minimal reaction, likely due to prolonged uncertainty over U.S. tariff policies in recent years.
Speaking from the Oval Office, Trump emphasized the straightforward nature of the new policy, stating, “We are simplifying tariffs on steel and aluminum—25% across the board, with no exceptions.” He also hinted at the possibility of extending tariffs to other sectors, including automobiles, pharmaceuticals, and technology components.
Among the nations most affected are Canada and Mexico, two of the largest steel suppliers to the U.S., alongside Brazil and South Korea. White House economic advisor Kevin Hassett reaffirmed the administration’s commitment to supporting domestic industries, emphasizing that the steel sector remains a key focus of Trump’s “America First” agenda.
While the tariffs will be broadly applied, Trump suggested that certain allies, such as Australia, could receive exemptions due to the U.S. trade surplus with the country. “Australia is one of the few countries where we maintain a trade surplus,” Trump noted, citing significant aircraft purchases as a contributing factor.
Additionally, the president hinted at an upcoming policy on reciprocal tariffs, aimed at aligning U.S. trade duties with those of other nations. Throughout his tenure, Trump has pushed for protective measures, arguing that American industries face unfair competition, particularly from Asian and European markets.
The decision has been met with strong opposition from international leaders. Canadian steel manufacturers warned of severe economic repercussions, while the European Commission pledged to safeguard European businesses against what it called “unjustified trade restrictions.”
French President Emmanuel Macron and German Economy Minister Robert Habeck also criticized the move. Macron called for a more targeted strategy to address concerns about Chinese trade practices, while Habeck cautioned that trade wars ultimately harm all parties involved.
Despite the controversy, Wall Street remained resilient, with key global stock indices—including those in London and Frankfurt—reaching record highs.
In response to the U.S. measures, China imposed retaliatory tariffs on American coal and liquefied natural gas, signaling further trade tensions. While Trump has repeatedly asserted that foreign exporters will bear the burden of tariffs, economic analysts warn that American consumers could ultimately face higher costs.
