Trump Signs 25% Tariff on All Steel and Aluminum Products

        On Feb./10, U.S. President Trump signed an executive action imposing a  25% tariff on steel and aluminum products imported into the U.S. (including finished metal products), regardless of the source of import.

       Trump said there will be no exceptions or exemptions to this action. According to statistics, the U.S. current major steel import partners are Canada, Brazil, Mexico, South Korea and Vietnam. Trump emphasized that the reason for imposing a 25% tariff on all countries is quite simple: "Because they tax the U.S., the U.S. should tax them, "he said. 

     Previously, the U.S. only imposed additional tariffs on steel and aluminum products from specific countries, such as China. This executive order also represents a major adjustment to the U.S. tariff measures on steel and aluminum products, which will inevitably cause different degrees of impact on many countries that export steel and aluminum products to the U.S. It is worthwhile to observe the ripple effect that will be produced in the future. Itis also reported that the EU will consider"hitting back" against Trump's latest tariffaction.

From: https://www.fastener-world.com/en/article/9059.html