Trump admin readies reciprocal US tariffs as trade war fears mount

Quick Summary:

Trump stunned markets with his decision on Monday to impose tariffs on all steel and aluminum imports beginning March 12.

Last week, Trump slapped an additional 10 per cent tariff on Chinese goods, effective February 4, with Chinese countermeasures taking effect this week.

Some US workers welcomed Monday's metal tariffs, but many manufacturing-heavy firms agonized over next steps, warning the tariff hike would reverberate across supply chains, affecting all businesses that rely on the materials.

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Category: BusinessFinance

Markets: IndiaAustraliaCanadaChinaColombiaJapanMexico

Topics: Executive orders US President Donald trump Sources of income Cryptocurrency Gold bars Presidential polls Trump tariffs Reciprocal tariffs US elections Financial disclosure Truth Social Bibles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 12:24:40 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26099491

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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Coverage Areas: India

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