Trump tariffs live updates: White House confirms 25% steel, aluminum tariffs start Wednesday
Published On Mar 11, 2025, 5:03 PM
The article discusses recent developments in U.S. trade policy under President Trump's administration, particularly focusing on the imposition of tariffs on steel and aluminum imports. A 25% tariff is set to take effect on imports from all countries, with a potential doubling to 50% specifically for Canadian imports due to a retaliatory electricity surcharge from Ontario. The situation has led to market volatility and discussions about the potential impact on inflation and the economic outlook. Several U.S. steel companies seem supportive of the tariffs, but overall market sentiment is cautious due to uncertainty. Goldman Sachs has also downgraded their economic forecasts for the U.S. amid these developments.
Stock Forecasts
X
Positive
The U.S. steel and aluminum industries may benefit from the tariffs, as they could increase domestic prices and reduce competition from imports. However, overall market uncertainty and potential retaliatory measures could hinder economic growth and consumer spending.
DAL
Negative
Economic uncertainty caused by ongoing tariff disputes may negatively impact broader market sectors, particularly those reliant on consumer spending and international trade, including airlines and retail.
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