Tariff On Aluminum And Steel Imports Takes Effect

The president removed all exemptions from his 2018 tariffs on the metals.

President Trump’s increased tariffs on aluminum and steel imported to the U.S. have officially been placed.

The president removed all exemptions from his 2018 tariffs on the metals, in addition to increasing the tariffs on aluminum from 10% leading to a 25% tariff.

The move is part of a broader effort to disrupt and transform global commerce.

Trump also has separate tariffs on Canada, Mexico and China, with plans to also tax imports from the European Union, Brazil and South Korea by charging “reciprocal” rates starting April 2.

The tariffs have sparked backlash.

Canada is the largest foreign supplier of steel and aluminum to the U.S.. It plans to impose retaliatory tariffs of $20.7 billion in response to taxes on the U.S. metals.