President Donald Trump has signed new executive orders imposing a 25% tariff on imported steel and aluminum. The decision aims to protect American industries from what Trump describes as unfair foreign competition, particularly targeting countries accused of dumping cheap metals into the U.S. market.
Supporters of the tariffs argue that this move will boost domestic production, create jobs, and strengthen national security by reducing reliance on foreign materials. However, critics warn that the tariffs could lead to higher costs for American manufacturers and potential retaliation from trading partners, sparking trade tensions.
The executive orders will take effect within the coming weeks, with some countries possibly receiving exemptions based on future negotiations. Economists and industry leaders are closely watching the potential impact on the economy, as both benefits and challenges are expected from this significant policy shift.
