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President Trump's 25% tariffs on steel and aluminum imports from every country in the.
World went into effect on Wednesday morning.
With no exceptions.
The United States of America is going to take back a lot of what was stolen from it by other countries and BY frankly,
incompetent U.S.
leadership.
The tariffs mark a key piece of Trump's agenda to reshape US Trade from Washington and a return to a similar policy from his first term.
But just hours after the tariffs went into effect,
Canada retaliated with 25% tariffs on about $21 billion of US made products.
The EU hit back, too, with countermeasures against over $28 billion worth of American goods.
Now investors, automakers, and American consumers are wondering,
will these tariffs hold up and what could their impact be long term?
From Bloomberg's Washington bureau, this is The Big Take D.C. podcast.
I'm Saleh Mohsen.
Today on the show,
I'm joined by Bloomberg's Josh Wingrove to explore what Trump's latest tariffs on steel and aluminum mean for the US Economy and America's relationships with some of its closest allies.
Put this into context for me.
How much does the US Rely on the imports of these metals?
This is going to be a lot bigger for aluminum than steel.