Trump Signs Executive Order Doubling Steel and Aluminum Tariffs
TL;DR Summary
President Donald Trump signed a proclamation to increase tariffs on steel and aluminum from 25% to 50%, aiming to protect domestic industries from unfair trade practices and global excess capacity, while strengthening US manufacturing and national security. The tariffs target imports from specific countries, with measures to prevent false declarations and close loopholes, and are supported by studies showing their effectiveness in boosting US production and jobs.
- Fact Sheet: President Donald J. Trump Increases Section 232 Tariffs on Steel and Aluminum The White House (.gov)
- Trump admin live updates: Trump signs executive order raising tariffs on steel, aluminum imports to 50% ABC News
- ADJUSTING IMPORTS OF ALUMINUM AND STEEL INTO THE UNITED STATES The White House (.gov)
- Ford, GM Stocks Are Slipping. Investors Want a Brake on Tariffs. Barron's
- Trump to sign order doubling metals tariffs, White House says Reuters
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