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 .... |
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