The Trump administration has imposed tariffs of 25% on steel and 10% on aluminum imports from Canada, Mexico, and the European Union (EU), citing national security concerns. This decision has strained relationships with key allies and prompted retaliatory measures.
Experts warn that these tariffs may disrupt global supply chains, increase costs for American consumers, and undermine the rules-based international trading system. The move could also hinder cooperation with allies in addressing shared concerns about China's trade practices. The situation underscores the importance of businesses staying informed and adaptable in the face of evolving trade policies. Click here to learn more.