Trump doubles tariffs on steel, reviving old trade practices

HEAVILY 20% 80% Sunday, June 1, 2025, 12:21 am

In a bold policy move, President Trump doubled tariffs on steel and aluminum imports, evoking a nostalgic return to classic American trade protectionism. The announcement generated uncertainty on global markets, prompting both eye-rolls and raised eyebrows as critics noted history repeating itself with a side of political grandstanding.

foxnews.com / Kevin Hassett 'very, very confident' courts will back Trump's tariffs amid legal setback

Amid court challenges, the White House asserts confidence in President Donald Trump's tariff strategy, emphasizing the administration's focus on maintaining fair trade practices.

theamericanconservative.com / Trump Is Reviving a Great American Tariff Tradition

Recently, and almost entirely unnoticed by the mainstream media, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) reopened a door that has been bolted shut since 1930. For the first time in nearly a century, U.S. producers were being asked simple, America First questions:…

cnbc.com / Japan's Prime Minister Shigeru Ishiba mulls Trump trade meeting before G7, says Yomiuri newspaper

Japan, a major U.S. ally, faces a 24% tariff from next month unless it can negotiate a bilateral deal.

go.com / Top White House economic adviser there's no need for a backup plan on tariffs

On "This Week," White House National Economic Council Director Kevin Hassett said the administration is moving forward on tariffs, despite legal setbacks.

axios.com / Good economic news can't catch a break

America is so far defying the gloomiest economic forecasts, but tariff threats keep scrambling the good news.Why it matters: Inflation is at a four-year low, consumer sentiment might be on the mend and the stock market has recovered from its post- "Liberation Day" lows — but it's all being…

cbsnews.com / Open: This is "Face the Nation with Margaret Brennan," June 1, 2025

This week on "Face the Nation with Margaret Brennan," as turmoil continues over tariffs, Margaret Brennan speaks to Treasury Secretary Scott Bessent. Plus, Sen. Rand Paul joins to discuss President Trump's Big Beautiful Bill.

cbsnews.com / Transcript: Treasury Secretary Scott Bessent on "Face the Nation with Margaret Brennan," June 1, 2025

The following is the transcript of an interview with Treasury Secretary Scott Bessent that aired on "Face the Nation with Margaret Brennan" on June 1, 2025.

cbsnews.com / Trump's tariff hike on steel causes fresh uncertainty

President Trump on Friday announced a doubling of tariffs on foreign imports of steel and aluminum from 25% to 50%, which could threaten to impact the prices of cars, appliances and even construction supplies. Taurean Small has details.

bloomberg.com / Europe’s Stocks Dominate World Markets as US Trade War Backfires - Bloomberg.com

Europe’s Stocks Dominate World Markets as US Trade War Backfires Bloomberg.com

bloomberg.com / US Job Growth Is Seen Moderating on Shifting Trade Policy - Bloomberg

US Job Growth Is Seen Moderating on Shifting Trade Policy Bloomberg

cnn.com / Timeline: What to know about Trump’s global tariff rollout - CNN

Timeline: What to know about Trump’s global tariff rollout CNN

permalink / 11 stories from sources in 2 days ago #trump #trade #tariffs

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