President Donald Trump announced plans to implement 25% tariffs on all steel and aluminum imports into the United States, effective immediately. This move marks a significant escalation in his trade policy, aiming to bolster domestic industries.

The tariffs will apply universally, affecting imports from all countries, including key trading partners such as Canada and Mexico. Trump emphasized the need for reciprocal trade practices, stating that the U.S. will impose equivalent tariffs on nations that levy duties on American goods.

This decision has raised concerns about potential retaliatory measures from affected countries and the possibility of a global trade war. Economists warn that such tariffs could lead to increased costs for consumers and disruptions in international supply chains.

Financial markets have already responded to the announcement, with stock futures experiencing declines amid fears of escalating trade tensions. Analysts suggest that the tariffs may introduce short-term supply risks, particularly in industries reliant on imported metals.

As the situation develops, businesses and policymakers worldwide are closely monitoring the impact of these tariffs on global trade dynamics and economic stability.