New tariffs deepen U.S. trade tensions and spark fears of global retaliation
President Donald Trump has signed an executive order doubling tariffs on steel and aluminum imports from 25% to 50%, effective midnight local time on June 4, 2025. The move escalates the ongoing U.S. trade conflict with key economic partners.
According to the White House, the decision aims to protect and strengthen the American steel industry, which Trump described as a “pillar of national security and economic independence.”
This marks the second tariff increase on these metals since March, and will affect a wide range of goods in the production chain—from automobiles to canned food—raising costs across multiple sectors.
Warnings of Economic Repercussions
Critics warn the tariff hike could backfire on the U.S. economy. Higher input costs may hurt American manufacturers, while global exporters could lose access to U.S. markets. Several analysts also fear retaliatory tariffs from affected countries, further straining international trade ties.
“These tariffs risk turning a policy meant to help domestic industry into a burden for American consumers and businesses,” said one trade economist.
The administration has yet to provide details on whether any exemptions will be offered for key allies or partners.
