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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