Overview

• President Trump is scheduled to sign an executive order today to enact the tariff increase on steel and aluminum.
• The first round of 25% duties was imposed in March across all U.S. steel and aluminum import lines.
• Press secretary Karoline Leavitt said no exemptions have been granted and that Trump will keep his commitments to steelworkers.
• Canadian industry groups have called the prospective 50% duties devastating and urged Ottawa to bolster struggling manufacturers.
• Trade partners such as Canada and South Korea may respond with retaliatory measures that could disrupt supply chains.