Trump tariffs: Gold hits record high as new steel and aluminium tariff announcement rattles markets – live updates
US president says 25% tariffs on steel and aluminium imports to be introduced this week as Chinese tariffs come into effectTrump to announce 25% aluminum and steel tariffs as China’s levies against US come into effectAmerican economist Brad Setser, Senior Fellow on the Council on Foreign Relations, has written an informative thread on X about Donald Trump’s latest tariffs.He predicts that new tariffs on aluminium will lead to short-term pain for no short-term gain….Mr Trump announced on Friday that he’d be holding a press conference early this week on the US plans for equalising tariffs on “reciprocal trade” with an added mention for autos.Then on Air Force One last night Mr Trump said he would put 25% tariffs on steel and aluminium imports later today. Canada, Mexico and Latin America would be the most impacted given that’s where the US imports most of these goods from. Continue reading...
US president says 25% tariffs on steel and aluminium imports to be introduced this week as Chinese tariffs come into effect
American economist Brad Setser, Senior Fellow on the Council on Foreign Relations, has written an informative thread on X about Donald Trump’s latest tariffs.
He predicts that new tariffs on aluminium will lead to short-term pain for no short-term gain….
Mr Trump announced on Friday that he’d be holding a press conference early this week on the US plans for equalising tariffs on “reciprocal trade” with an added mention for autos.
Then on Air Force One last night Mr Trump said he would put 25% tariffs on steel and aluminium imports later today. Canada, Mexico and Latin America would be the most impacted given that’s where the US imports most of these goods from. Continue reading...
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