US Tariffs and Global Trade War Escalation
On 12th March 2025, the US imposed a 25% tariff on all steel and aluminium imports, extending previous Section 232 tariffs. These levies targeted all exporting nations, including allies, aiming to protect American manufacturing.
Tariffs Imposed
|
Countries Affected by the Tariffs |
Tariff Details & Impact |
Response Details |
|
China |
10% tariff on $12.5 billion worth of steel and aluminium exports |
No immediate retaliation but vowed to take "all necessary measures" to safeguard its economic interests |
|
Canada |
25% tariff on $13 billion worth of exports |
Announced C$29.8 billion in retaliatory tariffs on US goods, including computers, sports equipment, and steel products |
|
Mexico |
25% tariff on $10.4 billion worth of exports |
- |
|
India |
25% auto .... |
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
World Watch
- 1 India – New Zealand Free Trade Agreement Signed
- 2 Singapore: India’s Second-largest Export Market
- 3 EU Includes India in Revised List for Continued Aquaculture Exports
- 4 India-Italy Relations Enter a New Phase with Special Strategic Partnership
- 5 India and Sweden Move towards Strategic Partnership
- 6 Strengthening India-Caribbean Relations: New Push to India-Jamaica Partnership
- 7 India and Netherlands Upgrade Ties to Strategic Partnership
- 8 PM’s Norway Visit Deepens Green and Strategic Cooperation
- 9 India-Cyprus Elevate Ties to Strategic Partnership
- 10 India Rejects Court of Arbitration Award on Indus Waters Treaty

