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The tariffs will apply widely to all U.S. imports of steel and aluminum, including from Canada and Mexico, among the country's top foreign suppliers of the metals.
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The billionaire hedge fund founder's comments came after Trump on Monday evening signed an order that would impose 25% tariffs on steel and aluminum imports.
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Ford Chief Executive Says Trump Policies May Lead to Layoffs The New York TimesGM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as 'chaos' CNBCTrump threatens Canadian cars with tariffs up to 100% Global NewsFord CEO says 25% tariff on Canada, Mexico would 'blow a hole' in US auto industry USA TODAY
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Fed Chair Powell Eyes 'Restraint For Longer' With Trump Tariffs Set To Boost Inflation; S&P 500 Pauses Investor's Business DailyFed Chair Powell says officials are in no hurry to cut interest rates CNNWatch Fed Chair Powell testify live before the Senate Banking Committee CNBC
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President Trump announced 25% tariffs on steel and aluminum imports. Critics say the tariffs will increase the cost of canned foods for U.S. consumers.
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The president imposed a 25 percent tariff on global metals, copying a move in his first term. Economists and foreign governments know what will come next.
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President Trump has called for a 25% tax on all imported steel and aluminum. That could give a helping hand to domestic steel and aluminum producers, but also raise prices for US businesses and consumers.
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