Trump's 50% Steel Tariffs Spark Global Market Reactions
TL;DR Summary
Donald Trump has ordered a 50% tariff on steel and aluminium imports to take effect on June 4, escalating his trade war efforts, with exemptions for the UK under a recent trade deal. The tariffs aim to protect US industries from foreign dumping, though they face legal and international opposition, especially from Canada.
- Donald Trump orders 50% steel and aluminium tariffs to begin on June 4 Financial Times
- Trump signs order for 50% tariff on steel, aluminum — why economists are dismayed MarketWatch
- Cleveland-Cliffs, Tesla, GM, Blueprint Medicines, BioNTech, DraftKings, and More Movers Barron's
- Trump's 50% steel tariff could see prices tank in Europe — and soar in the U.S. CNBC
- Opinion | America’s New Steel Curtain WSJ
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