New Tariffs on Steel: A Global Perspective on U.S. Trade Policies
The newly established 50% tariffs on steel and aluminum exports to the U.S. start today. This significant hike affects many exporters globally, especially those in Europe, including prominent producers from Germany and Sweden. While these tariffs create challenges for international trade, British producers are spared the full brunt of these duties. The global impact of Trumpโs tariffs remains a hot topic, influencing various sectors and economies. As industries adjust, the implications of these policies will likely resonate beyond U.S. borders.