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President Donald Trump raised import duties on select metals, reshaping trade policy. Here’s how it affects businesses, consumers, and the economy.
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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.