💨 Abstract

President Trump is set to announce new 25% tariffs on all steel and aluminium imports into the U.S. on Monday, potentially escalating a trade war with countries like Canada, Mexico, South Korea, and Vietnam. The EU and South Korea are considering responses. Trump has also promised to introduce broader reciprocal tariffs soon. The move is expected to raise costs for U.S. industries that depend on these raw materials.

Courtesy: theprint.in

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