Trump Raises Steel, Aluminum Tariffs
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steel tariffsReuters
•Technology
Technology
Morning Bid: Powell and Steel, with AI in play
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79% Informative
U.S. President Donald Trump raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" Trump also said he would follow with reciprocal tariffs on all countries that impose duties on US goods.
Steel imports account for 23% of American steel consumption in 2023 , with Canada , Brazil and Mexico the largest suppliers.
China 's mainland and Hong Kong stocks slipped back on mounting tariff war news.
Jerome Powell's semiannual monetary policy testimony before Senate Banking, Housing and Urban Affairs Committee .
Fed Board Governor Michelle Bowman , New York Fed President John Williams and Cleveland Fed chief Beth Hammack all speak.
EU Commission President Ursula von der Leyen meets U.S. Vice President JD Vance in Paris .
VR Score
90
Informative language
96
Neutral language
66
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