Trump's Steel and Aluminum Tariffs Trigger Global Retaliation

The U.S., Canada, and EU escalate trade tensions, with new tariffs threatening industries and raising consumer costs.

President Donald Trump implemented a 25% tariff on all steel and aluminum imports, citing economic protectionism and national security.
Canada responded with $21 billion in retaliatory tariffs on U.S. goods, including steel, aluminum, computers, and sports equipment.
The European Union announced countermeasures targeting $28 billion worth of U.S. exports, including beef, bourbon, and motorcycles, set to begin in April.
U.K. Prime Minister Keir Starmer expressed disappointment in the tariffs but opted for diplomatic negotiations over immediate retaliation.
Economists and business leaders warn the tariffs could destabilize markets, increase consumer prices, and risk a global trade war.