US President Donald Trump has announced to increase the import duty on Steel and Aluminum from 25% to 50%, which will be effective from June 4, 2025. He has taken this step in the name of protecting domestic industry. In 2024, the US imported about 250 million tonnes of steel and 54 million tonnes of aluminum, most of which came from Canada and Brazil. Trump announced the announcement during a speech at a US Steel Plant in Pennsylvania, which is considered a strategic decision keeping in mind the domestic support in the election year. The rest of the information in the video.
Trump’s Big Decision! 50% Import duty imposed on Steel and Aluminum | Paisa Live | Trump’s big decision! Apply 50% Import duty on Steel and Aluminum
