Trump’s Steel and Aluminum Tariffs Implemented as US-Canada Trade Conflict Escalates

President Trump implemented a 25% tariff on imported steel and aluminum starting on Wednesday to support U.S. factory jobs, potentially leading to increased prices for manufacturers using these materials. In response, European Commission President Ursula von der Leyen declared countermeasures totaling around 26 billion euros against the U.S. tariffs. According to the U.S. International Trade Commission, downstream companies saw production decreases of nearly $3.5 billion in 2021.