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Trump 25% Tariffs on Steel and Aluminum: 5 Ways They May Drive up Prices

Industrial worker at a foundry.
Artie Medvedev / Shutterstock.com

President Donald Trump announced new and expanded tariffs on steel and aluminum imports, continuing his administration’s protectionist trade approach. The revised tariffs aim to boost domestic manufacturing, reduce reliance on foreign materials, and address trade imbalances. However, critics warn they could drive up costs for businesses and consumers while escalating tensions with U.S.



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