Trump Imposes 25% Tariffs on Steel and Aluminum Imports

U.S. President Donald Trump has expanded his trade disputes by imposing a 25% tariff on all steel and aluminum imports, a move that has impacted global stock and bond markets.

Canada, China, Mexico, and Brazil are among the largest exporters of these metals to the U.S. The decision has also triggered a surge in gold prices, which touched the $3,000 mark, while the U.S. dollar maintained its upward trend against other major currencies.

Trump signed the executive order on Monday, enforcing the tariffs on all imported steel and aluminum, including Canadian products, starting March 4. This date marks the deadline he had set for Canada to persuade him to exempt its exports from the measure.

“This is a big deal. This is the beginning of making America rich again,” Trump declared in the Oval Office after signing the order.