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Trump to Replace Steel, Aluminum Tariffs With Targeted Duties

Source: wsj.com

President-elect Trump plans to replace broad steel and aluminum tariffs with targeted ones on countries like China and Mexico.
The new approach aims to protect U.S. industries while minimizing costs for American manufacturers.
Changes could spark trade tensions and affect global supply chains.

President-elect Donald Trump is set to overhaul the steel and aluminum tariffs he imposed during his first term. Instead of blanket duties on all imports, the new policy will focus on specific countries posing national security risks, such as China and Mexico. This shift, driven by industry input, seeks to shield U.S. producers from unfair trade while easing burdens on downstream businesses. It matters because it could reshape global trade flows and influence inflation ahead of Trump's January i