Trump, Mexico and Steel Tariffs
Digest more
Top News
Overview
Impacts
President Trump was speaking at a steel plant in West Mifflin, Pa. to celebrate the deal between Japanese-owned Nippon and U.S. Steel.
The Trump administration’s new 50% duty on imported steel could increase store prices for items in steel cans by 9% to 15%, according to the Consumer Brands Association,
Tariffs imposed by the Trump administration on imported steel and aluminum increased from 25% to 50%, intensifying uncertainty among homebuilders.
President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.
The steel used in cans is mostly imported—and subject to the Trump administration’s new 50% levy.
ABC News suspended its senior national correspondent, Terry Moran, after he called White House deputy chief of staff Stephen Miller a “world-class hater” in a since-deleted post on X. “ABC News stands for objectivity and impartiality in its news coverage and does not condone subjective personal attacks on others,” an ABC News spokesperson said in …
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
According to nearly every academic expert, Donald Trump’s tariffs are bad news for the US and the world economy. But there are some exceptions.