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Trump imposes Steel and Aluminum tariffs, multiple European countries respond strongly: they will not hesitate to retaliate!
On the 10th local time, US President Trump signed an executive order announcing a 25% tariff on all Steel and Aluminum imported to the USA; This move sparked a wave of retaliation warnings from America's European trading partners; Many analysts view Trump's tariffs as a negotiating tool to force other countries to make concessions.
Trump's 25% Tarrifs A 'Self-Inflicted Wound,' Says Economist Amid Warnings Of Fewer American Jobs — Peter Schiff Says You'll Pay More For Cars And Homes
Historical review: What happened after Trump implemented Steel and Aluminum tariffs in 2018?
① Trump announced the reintroduction of Steel and Aluminum tariffs; ② After the introduction of Steel and Aluminum tariffs during Trump's first term, there was a swift retaliatory response from Global trade partners, which ultimately affected domestic manufacturers, and the United States Steel Infrastructure did not rebound as expected; ③ Following that round of impacts, the methods of retaliating against the 'Trump tariffs' by major trade partners of the United States have become increasingly diverse.
Erica York on Impact of Trump's Steel, Aluminum Tariffs
Trump Wants 25% Tariffs on Steel and Aluminum
ZK International Announces That Its Previously Scheduled Shareholder Conference Call, Originally Planned For February 7, 2025, Has Been Cancelled And The Company Will Reschedule The Event At A Later Date.