Trump Imposes 25% Tariff on Steel and Aluminum Imports

US President Donald Trump has announced the imposition of a 25% tariff on all imports of steel and aluminum.

A White House official has stated that the tariffs will take effect as of March 4, according to Reuters.

Trump announced the measure on Monday, stating that the tariffs would be imposed “without exceptions or exemptions.” 

According to Artem Segen, Industrial market reporter at Expana, “The imposition of duties on imports is likely to depress imports of both metals and will probably help domestic producers to get competitive prices and boost production, according to market sources.”

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