Trump’s Economic War on Steel Donald Trump has launched another broadside in his economic war—this time, with a brutal 50% steel tariff that’s already shaking Europe to its core. While some European manufacturers might see a short-term boost from cheaper steel, this move is a ticking time bomb for workers on both sides of the Atlantic. Steel prices in the U.S. are poised to surge, inflating the costs for every American business that relies on the metal—from construction to appliances to automotives. Trump’s message is crystal clear: “Pay up, or shut down.” American manufacturers will be forced to swallow these price hikes or pass them on to consumers—while billionaire steel barons cheer from their penthouses. A Double-Edged Sword for Europe…
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