AssetID: 54598754
Headline: Trump Escalates Trade War With New Steel and Aluminum Tariffs
Caption: US President Donald Trump has vowed to impose more tariffs after his latest move to tax steel and aluminum imports sparked retaliation from the EU and Canada. In response to countermeasures, Trump pledged “reciprocal” tariffs next month, saying, “Whatever they charge us with, we're charging them”. On Wednesday, the US expanded its steel and aluminum tariffs with a blanket 25% duty, ending previous exemptions. This follows a recent hike on Chinese imports to at least 20%. Trump has also threatened tariffs on goods like copper, lumber, and cars.
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