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[ Sat, Feb 01st 2025 ]: Reuters
Budget 2025 Highlights

Trump imposes tariffs on Canada, Mexico and China

The article discusses former President Donald Trump's decision to impose tariffs on steel and aluminum imports from Canada, Mexico, and China. This executive order was part of Trump's broader "America First" trade policy aimed at protecting U.S. industries from what he described as unfair trade practices. The tariffs, set at 25% on steel and 10% on aluminum, were intended to boost domestic production but led to significant backlash and retaliatory measures from the affected countries. Critics argued that these tariffs could increase costs for American manufacturers and consumers, potentially sparking a trade war. The move was also seen as a strategic play in ongoing negotiations for the North American Free Trade Agreement (NAFTA) and other trade deals, with implications for international trade relations and global economic stability.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/trump-signs-order-imposing-tariffs-on-canada-mexico-and-cslatehina/ar-AA1yfDBn ]