Trump’s steel and aluminum tariffs worldwide winners and losers
Employees are standing in an explosion furnace. In November, Thyssenkrupp Steel announced that the number of jobs in the steel sector would fall from 11,000 to 16,000 within six years.
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US President Donald Trump on Sunday He told reporters He plans to announce a new 25% tariff on Monday, targeting steel and aluminum imports.
The proposed taxation will be carried out in addition to existing obligations. At this time, no implementation timeline is specified.
The two metals are key components in a variety of industries, including transportation, construction and packaging.
This developing story has been updated.