| Ryuu96 said: US tariffs of 50 per cent on steel and aluminium will take effect from June 4 after Donald Trump signed an executive order on Tuesday escalating his global trade war a week after a court ruled the bulk of his levies illegal. The new tariffs double existing levies on the sector of 25 per cent that the president introduced earlier this year. Duties on UK steel and aluminium will remain at 25 per cent — a carve-out for London after it signed a trade deal with Washington last month. Donald Trump Orders 50% Steel and Aluminium Tariffs to Begin on June 4 |
This will bankrupt several US companies because some kinds of specialized steels are only produced in Europe and the US doesn't smelters don't have the equipment - or the patents for that matter - to make those steels. That spectre was already being raised during Trump's last presidency, but now this comes through with full force...
What's more, his energy business (batteries, charging stations, etc...) would also be defunded by that bill, costing him even more.
Last edited by Bofferbrauer2 - on 04 June 2025The Nintendo eShop rating Thread: http://gamrconnect.vgchartz.com/thread.php?id=237454 List as Google Doc: https://docs.google.com/spreadsheets/d/1aW2hXQT1TheElVS7z-F3pP-7nbqdrDqWNTxl6JoJWBY/edit?usp=sharing
The Steam/GOG key gifting thread: https://gamrconnect.vgchartz.com/thread/242024/the-steamgog-key-gifting-thread/1/
Free Pc Games thread: https://gamrconnect.vgchartz.com/thread/248138/free-pc-games/1/
