New upgrade of tariff policy! Trump will announce an additional 25% tariff on steel and aluminum products
Hawk News
2025-02-10 17:43:32
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According to US media reports, US President Trump said that he will announce a 25% tariff on all steel and aluminum imported into the United States on the 10th. According to the report, this new tariff will be added to the existing metal tariffs, marking another "major escalation" of Trump's trade policy.
According to reports, Trump imposed a 25% tariff on steel and a 10% tariff on aluminum during his first term, but later gave duty-free quotas to several trading partners such as Canada, Mexico and Brazil. Former President Biden expanded these quotas to the United Kingdom, Japan and the European Union on this basis.
The largest steel importers to the United States are Canada, Brazil and Mexico, followed by South Korea and Vietnam, according to data from the U.S. government and the International Steel Association.
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