Trump announces 25% tariff on steel and aluminum!

"US President Donald Trump has announced a 25% tariff on steel and aluminum imports. The new tariff will take effect from Monday. Several countries, including China, have already reacted strongly to this decision."

"According to The New York Times, the new tariff policy will apply to all countries. Speaking to reporters, Trump said that this tariff will also be effective on major trading partners of the United States, including Canada and Mexico."

"Trump says that the United States will act on the basis of reciprocity in imposing tariffs. If a country imposes tariffs on US products, the United States will also impose counter-tariffs of the same rate."

"The ongoing trade war between the world's two largest economies is expected to intensify. On February 1, Trump announced tariffs on Chinese goods. While the Chinese tariffs remain in place, tariffs on Canada and Mexico have been suspended for a month."

"Analysts say the new tariffs could have a major impact on the US economy. In particular, Canada and Mexico, major suppliers of steel and aluminum to the US, could be hit economically."

"According to global trade analysts, China has made great preparations for this situation. It has already expanded trade to markets in Africa, Latin America and Southeast Asia. However, only time will tell how much impact Trump's new tariffs will have on the US economy."