Donald Trump says he will impose tariffs of 25 per cent on all steel and aluminium imports into the US, threatening to unleash turmoil in commodity markets and ignite trade wars across the global economy.
Officials said the tariffs were a response to “foreign players” who were responsible for “surging exports” of the metals to the country and “undermining US producers of steel and aluminium”.
They said the tariffs would apply to all US imports, and that no exclusions would be granted for particular products. The tariffs would begin on March 4, according to one person familiar with the plan.
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