What are tariffs and why is Trump using them?

Quick Summary:

Tariffs are a central part of Trump's political vision, but economists fear they could spark a trade war.

Trump previously announced tariffs of 25% on steel and 10% on aluminium in 2018, during his first term as president.

Speaking after the tariffs came into force on 4 March, she said the US decision had "no justification", and promised to respond with "tariff and non-tariff measures".

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Article Details

Category: Business

Markets: United KingdomAustraliaBrazilCanadaChinaCongoMexicoUnited States

Topics: Tariffs Canadian Imports Mexico Trump Canada Trade Other Tariff Goods

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 14:54:59 (22 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1659 words

Reading Time: 10 minutes read

Sentences: 82 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 26895512

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Official Website: bbc.co.uk

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