EU, Canada and Mexico condemn Trump move to hike steel and aluminum tariffs

Summary

The U.S. will impose 25% tariffs on all steel and aluminum imports starting March 12, eliminating previous exemptions.

This move has been met with strong condemnation from key trading partners, including Mexico, Canada, and the European Union, who have threatened retaliatory measures.

Businesses across various sectors are grappling with the potential impact, facing increased costs and uncertainty about future investments and supply chains.