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Trump’s 25% tariffs on all steel and aluminum imports go into effect

  • Donald Trump has imposed a 25% tariff on steel and aluminum imports, effective March 12, impacting global trade dynamics and responding to China's export practices.
  • The UK is taking a cautious approach towards potential trade disputes after Starmer asked Trump to exempt the UK from these tariffs, with no immediate retaliatory action planned.
  • The European Union plans to impose countermeasures on American goods, predicting a £22 billion impact on EU exports, with affected sectors primarily including automotive and construction.
  • Business Secretary Jonathan Reynolds expressed disappointment over the tariffs and indicated that all options to protect UK industry are being considered.
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tippinsights broke the news in on Tuesday, March 11, 2025.
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