Hold onto your hard hats, folks! The U.S. just dropped a trade policy bombshell. 🇺🇸 President Trump announced a 50% tariff on steel and aluminum imports starting June 4—doubling the previous rate—and the world is not happy. Think: global economic drama meets real-world consequences. 🚨
Canada, America’s top supplier of these metals, called the move a "gut punch" to its industries, warning that half its production could grind to a halt. Meanwhile, the EU slammed the decision as a "dangerous gamble" that could derail ongoing trade talks. 🤝💥
Why does this matter? Higher tariffs mean pricier goods for consumers, strained alliances, and a potential domino effect on global markets. Analysts say it’s a classic "America First" play—but will it backfire? Stay tuned. 📈🌐
Reference(s):
cgtn.com