President Donald Trump has reinstated full 25% tariffs on steel and aluminum imports, closing loopholes and exemptions to protect U.S. industries. The move targets unfair trade practices and aims to boost domestic production.
The tariffs, first imposed in 2018, had been weakened by exemptions for countries like Canada and Mexico, which Trump says allowed China to exploit the system. The new policy also expands tariffs to downstream products and cracks down on misclassification schemes.
Supporters argue the tariffs will revitalize U.S. manufacturing, create jobs, and strengthen national security. Critics warn of potential cost increases. Studies suggest previous tariffs spurred investment and reshoring efforts, with minimal inflation impact.
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