VOA News | Wednesday, March12, 2025 
US enacts tariffs on all steel, aluminum imports

The United States enacted new 25% tariffs Wednesday on all steel and aluminum imports, ending previous exemptions that had been in place for a number of U.S. allies. The move affects imports from Argentina, Australia, Brazil, Britain, Canada, Japan, Mexico, South Korea and the European Union. “In my judgment, these modifications are necessary to address the significantly increasing share of imports of steel articles and derivative steel articles from these sources, which threaten to impair U.S. national security,” U.S. President Donald Trump said in a proclamation announcing the tariffs. “Tariffs and escalating trade tensions are a form of economic self-harm and a recipe for slower growth and higher inflation. They are paid by the consumers. This is why Australia will not be imposing reciprocal tariffs on the United States,” Albanese said Wednesday. Canada was spared an even higher set of tariffs after Trump backed down from a threat to push duties on Canadian steel and aluminum to 50%. Trump ignited an economic war last week with Canada, normally a staunch ally and the second biggest U.S. trading partner after Mexico, by first imposing and then delaying for a month a 25% tariff on all products exported to the United States. Trump said he is pressuring Canada to further curb the flow of migrants and illicit drugs, especially the deadly opioid fentanyl, into the United States...Read more