Trump's action to bulk up protections for American steel and aluminum producers restores effective tariffs of 25% on all imports of the metals and extends the duties to hundreds of downstream products, from nuts and bolts to bulldozer blades and soda cans. US commerce secretary Howard Lutnick said nothing could stop the tariffs and Trump would impose trade protections on copper as well.
Canada, the biggest foreign supplier of steel and aluminum to the United States, announced 25% retaliatory tariffs on goods including steel, aluminum, computers, sports equipment and other products worth C$29.8 billion in total.
Trump's hyper-focus on tariffs since taking office in January has rattled investor, consumer and business confidence in ways that economists worry could cause a US recession and further lag on the global economy.
Diese Geschichte stammt aus der March 13, 2025-Ausgabe von Financial Express Pune.
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Gig Workers in Tamil Nadu to Get Subsidy of ₹20K Each
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Super-core inflation spikes
At a time when consumer price inflation eased to a seven-month low of 3.6% in February on a high base and cooling vegetable prices, \"super-core\" inflation rose to a 16-month high of 4.5%, reflecting elevated prices of services, reports Saikat Neogi.
Special FD deadline nears, go for laddering
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Govt mulls merger of DPE, DIPAM to boost efficiency
On The Cards
Close to ₹1-lakh-crore investments aided by agri-infrastructure fund
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For riding to office, market, mountains
But fuel efficiency is just about 25 km/l
DMK Presents TN Budget, AIADMK Asks Govt to Resign
TAMIL NADU CHIEF minister MK Stalin-led DMK regime on Friday presented its Budget 2025-26 in the Assembly, a full-fledged exercise ahead of the state election next year, and made big allocations for its flagship welfare schemes, including the fare-free bus travel scheme for women and announced one per cent reduction in registration fee for immovable assets registered in their name.
German parties agree deal to loosen debt limit
GERMAN LAWMAKERS REACHED an agreement on Friday to exempt some defense spending from the nation's tight rules on running up debt as European leaders are scrambling to shore up the continent's defenses themselves in the face of a Trump administration that is threatening to back out.
UK economy unexpectedly shrinks in January
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Maruti Suzuki readies electric debut amid slowdown worries
Charged Up
