President Donald Trump made a bold move on Monday by extending his steel and aluminum tariffs to all countries, effectively ending agreements with the European Union, the United Kingdom, Japan, and others.
Key Details of the Executive Order
The latest executive order builds upon the initial 25 percent tariff on steel and 10 percent tariff on aluminum imposed by the Trump administration in 2018. This new directive includes raising duties, closing loopholes, and removing exemptions, as confirmed by a White House official.
Trump’s Statement
President Trump emphasized the significance of this decision, stating, “This is a big deal — making America rich again,” as reported in the White House pool update.
This move is expected to have far-reaching implications on global trade dynamics and the affected economies.
