US President Donald Trump’s recent announcement of tariffs on steel and aluminum imports has sent shockwaves through global markets. Many businesses are scrambling to adapt, while analysts warn of potential disruptions to international trade and economic growth. Experts suggest that companies will likely diversify their sourcing strategies or seek alternative materials to mitigate risks. The ongoing trade war could significantly impact export volumes for nations dependent on these industries, adding pressure to already strained economies worldwide. As the world watches, businesses are closely monitoring Trump’s policy shifts for signs of lasting change in global trade dynamics.
Source: https://www.bloomberg.com/news/videos/2025-01-23/how-the-world-is-preparing-for-trump-s-tariffs-video