FT estimates that the 50% steel tariff will cost the US $104 billion.
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THE NORTH / Staff
Monterrey, Mexico (June 6, 2025) - 1:57 p.m.
President Donald Trump raised tariffs on steel and aluminum imports to 50%. Credit: AFP
Import costs for steel and aluminum used in all types of products in the United States are expected to increase by $104 billion after President Donald Trump raised tariffs on these metals to 50%, the Financial Times reported.
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