Steel coils are pictured in the yards of the steelmaker Ternium plant as U.S. President Donald Trump ordered 25% tariffs on aluminum and steel imports entering the United States, in San Nicolas de los Garza, Mexico February 11, 2025.
Daniel Becerril | Reuters
U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports came into effect Wednesday, despite concerns that the duties could push the world’s biggest economy toward a recession.
The White House confirmed the duties, which will affect Canada and other nations, late Tuesday state side, but added that Trump no longer planned to raise tariffs on the metals from Canada to 50%.
It marks the latest development in a simmering trade war that has been marked by bold promises of tariffs — and subsequent reversals and delays — by Trump.
Australian Prime Minister Anthony Albanese, said that Trump’s plans to go ahead with the tariffs was “entirely unjustified.”
“It’s against the spirit of our two nations’ enduring friendship and fundamentally at odds with the benefits that our economic partnership has delivered over more than 70 years,” he said at a press conference.
Albanese added that Australia will not impose reciprocal tariffs on U.S. imports as that would only serve to inflate prices for Australian consumers.
This is a developing story and will be updated shortly.
