In a move that has sent shockwaves through global markets, President Donald Trump has announced a 25% tariff on steel and aluminum imports. The decision, revealed during a campaign rally in Ohio, is part of Trump’s broader strategy to bolster domestic manufacturing and protect American industries from foreign competition.

The tariffs, which are set to take effect in 30 days, target major trading partners, including China, the European Union, and Canada. Critics argue that the move could spark retaliatory measures, further straining international trade relations. Economists warn that the tariffs may lead to higher prices for consumers and disrupt supply chains across industries reliant on steel and aluminum.

Trump defended the decision, stating, “This is about putting America first and ensuring our workers are not exploited by unfair trade practices.” However, industry leaders and policymakers have expressed concerns about the potential economic fallout, with some calling for a more measured approach to trade policy.