TRUMP RAISES TARIFFS ON STEEL AND ALUMINUM, SPARKING GLOBAL COUNTERMEASURES

An Emirati Magazine publication – Released on March 13, 2025 | www.emiratimagazine.com

President Donald Trump officially raised tariffs on all steel and aluminum imports to 25%, removing exemptions from his 2018 trade policies. The aluminum tariff, previously set at 10%, was also increased. Trump stated the move aims to boost U.S. manufacturing jobs, though concerns over economic instability and stock market fluctuations persist.

The tariff hikes extend to Canada, Mexico, China, the European Union, Brazil, and South Korea, with "reciprocal" rates set to begin on April 2. In response, the EU announced $28 billion in retaliatory tariffs covering not only metals but also textiles, home appliances, and agricultural products, effective April 1.

Canada, the largest foreign supplier of steel and aluminum to the U.S., is imposing $20.7 billion in countermeasures. Beginning Thursday, these tariffs will target American steel, aluminum, and various goods such as computers, sports equipment, and water heaters worth $9.9 billion.