Trump has eliminated all exemptions from the tariffs he instituted in 2018, raising the aluminium tariff from 10% as part of a comprehensive strategy to disrupt and reform global trade.
President Donald Trump's implementation of extensive tariffs on steel and aluminium imports officially commenced on Wednesday, increasing the duties on all such imports to 25%, a rise from the previous 10% on aluminium. This recent action is aligned with Trump's persistent efforts to redefine global trade and enhance domestic manufacturing.
Nevertheless, this escalation is expected to have significant repercussions for global trade dynamics, especially for nations like India, which are already facing challenges in their steel sectors due to increasing imports and concerns over a potential market surplus.
Trump has eliminated all exemptions associated with the tariffs he introduced in 2018, raising the tariff on aluminum from 10% as part of a comprehensive strategy aimed at altering and challenging global trade dynamics. Additionally, he has instituted distinct tariffs on imports from Canada, Mexico, and China, with intentions to apply comparable taxes on goods from the European Union, Brazil, and South Korea, set to take effect on April 2.
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