Former President Donald Trump announced 25% tariffs on steel and aluminum imports. The president reversed exemptions for allies such as Canada, Mexico, Japan, and South Korea that were relaxed under President Joe Biden. Trump declared it a major move to "make America rich again." Trump's steel and aluminum tariffs add to a series of trade actions in the early weeks of his second term. He imposed 10% tariffs on all Chinese goods and initially threatened 25% tariffs on Canada, Mexico, and Colombia before negotiating agreements.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump announced a 25% tariff on steel and aluminum imports.
00:07The president reversed exemptions for allies such as Canada, Mexico, Japan,
00:11and South Korea that were relaxed under President Joe Biden.
00:14Trump declared it's a major move to make America rich again.
00:18Trump's steel and aluminum tariffs add to a series of trade actions
00:21in the early weeks of his second term.
00:23He has imposed 10% tariffs on all Chinese goods
00:26and initially threatened 25% tariffs on Canada, Mexico, and Colombia
00:30before negotiating agreements.
00:32For all things money, visit Benzinga.com slash GSTV.