Trump steps up his 2018 tariffs on steel and aluminum, risking inflation on promise of more jobs
- Posted on February 11, 2025
- By Business News Today
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Trump steps up his 2018 tariffs on steel and aluminum, risking inflation on promise of more jobs
![](https://img.etimg.com/thumb/msid-118131122,width-1200,height-630,imgsize-38738,overlay-economictimes/articleshow.jpg)
President Trump hiked tariffs on all steel and aluminum imports to 25%, stating it would revive U.S. industries. Critics, including the Canadian Chamber of Commerce, argue it destabilizes the global economy and raises inflation risks. Trump's administration claims tariffs will bring back jobs and boost manufacturing, but experts fear higher prices and negative economic impacts.