Trump's Steel and Aluminum Tariffs Trigger Global Trade Tensions

The US imposes 25% tariffs on steel and aluminum imports, prompting swift retaliation from the EU and criticism from key allies.

The US has reinstated 25% tariffs on all steel and aluminum imports, extending duties to downstream products such as nuts, bolts, and soda cans.
The European Union announced €26 billion in countermeasures targeting US goods, including metals, textiles, agricultural products, and home appliances, effective April 1.
UK Business Secretary Jonathan Reynolds expressed disappointment, stating that all options are on the table to protect British industries, while Canada and Australia also criticized the move.
US allies and trade groups warned that the tariffs could disrupt supply chains, increase costs for consumers, and risk escalating into a broader trade war.
President Trump defended the tariffs as a strategy to bolster US industries and address what he described as unfair trade practices by other nations.