US President Donald Trump has imposed a 25% tariff on steel and aluminum imports from countries including Canada, Mexico, and the European Union. The move widens the ongoing trade war between the US and its allies, with the EU warning it will retaliate against American goods. In a statement, Trump said the tariffs could be increased further if necessary to protect domestic industries. This development is set to have significant implications for global supply chains and trade relations.
Source: https://www.bloomberg.com/news/articles/2025-02-10/trump-sets-25-tariffs-on-steel-aluminum-heightening-trade-war