Trump to double tariffs on foreign steel to 50% starting June 4, raising concerns over price inflation and global trade as experts analyze impact.
Former President Donald Trump is set to double tariffs on foreign steel imports from 25% to 50%, in a bid to boost U.S. steel production. Starting June 4, the new tariffs will hit countries like Australia, Canada, and Brazil — nations that previously had duty-free access. Critics say the move could inflate prices, strain global trade, and hurt consumers. Professor Chris Berg joins us to break down the economic and political impact.
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