A 25% import tax on all steel and aluminium entering the United States has been implemented, prompting immediate retaliation from Canada and the European Union. Donald Trump threatened further action. While metal tariffs during Trump’s first term initially benefited the US steel and aluminium industries, they also had negative effects on other downstream sectors. Additionally, US inflation showed a slight decrease in February.

Source: https://www.france24.com/en/tv-shows/business/20250312-trump-vows-further-action-as-us-trading-partners-hit-back-at-25-steel-and-aluminium-tariffs