Tue, 11 Mar 2025

Tue, 11 Mar 2025 What are tariffs and why is Trump using them?

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

* A 25% tariff will be imposed on Canadian steel imports.
* The tariff on Canadian aluminium imports is being doubled to 50%.
* US companies that use steel and aluminum in their products have warned the tariffs could lead to higher prices.
* The US has a trade deficit of $213 billion with the European Union, which Trump has previously described as "an atrocity".
* The European Commission has vowed to react "firmly and immediately" against the tariffs.
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