On April 2, 2025, President Donald Trump signed an Executive Order designed to address the threat posed to the United States by trade deficits....more
The European Union (EU) had said repeatedly that it will retaliate in case of U.S. tariffs, which the EU sees as unjustified. The EU preferred (and attempted) a negotiated solution but moved swiftly to retaliation once the...more
The 25 percent tariff increase the United States imposed on imports of iron and steel, aluminum products and their derivatives from all countries is effective March 12, 2025, according to the Cargo Systems Messaging Service...more
The 2025 steel and aluminum tariffs are already reshaping cost structures in the construction sector, adding financial pressures to an industry that had hoped for more stability this year. On March 4, 2025, the U.S. imposed a...more
On February 10 and 11, 2025, President Donald Trump issued two presidential proclamations—Adjusting Imports of Steel into The United States and Adjusting Imports of Aluminum into The United States—that fully reinstated and...more
On Sunday, February 9, 2024, President Trump announced to a group of reporters aboard Air Force One that he intended to impose universal tariffs of 25 percent on all imports of steel and aluminum into the United States on...more
The impact of tariffs in the automotive industry remains a topic of interest. Automotive companies are assessing the impact of the tariffs in their supply chain and developing strategies for passing through increased costs....more