Beginning of dialog window. Escape will cancel and close the window.
End of dialog window.
U.S. President Donald Trump’s decision to impose a 25% tariff on all steel and aluminum imports has sparked fears of a global trade war, with experts calling it a 'negative-sum game' that risks destabilizing international markets. The move, announced earlier this week, targets major trading partners and could trigger retaliatory measures, escalating costs for businesses and consumers worldwide.
Experts Sound the Alarm
Armin Steinbach, a professor of EU law and economics at HEC Paris, slammed the tariffs as another attempt by the Trump administration to 'undermine multilateral trade systems.' Meanwhile, Manuel Menendez III, founder of MCM Group Holdings, warned the policy would 'pass along costs to consumers and importers,' stressing that 'there are no winners in a trade war.'
The decision comes amid rising economic uncertainty, with analysts predicting higher prices for everything from cars to construction materials. Critics argue the tariffs contradict global cooperation principles, potentially isolating the U.S. economically—a risky move in our hyper-connected world.
The move, announced earlier this week, targets major trading partners and could trigger retaliatory measures, escalating costs for businesses and consumers worldwide.
Meanwhile, Manuel Menendez III, founder of MCM Group Holdings, warned the policy would 'pass along costs to consumers and importers,' stressing that 'there are no winners in a trade war.' 
Critics argue the tariffs contradict global cooperation principles, potentially isolating the U.S. economically—a risky move in our hyper-connected world.
