The United States announced it will impose a 25% tariff on all steel and aluminum imports starting from February 11, 2025. This decision aims to protect American industries and boost domestic production but has led to negative reactions in financial markets and concerns about global trade tensions.
Key allies like Canada and Mexico are affected and have warned of potential retaliation. The tariffs are expected to impact industries such as automotive and manufacturing that rely on imported metals, while the US administration argues it will strengthen national security and economic stability.
