On May 30 local time, when Trump inspected a US Steel factory in Pennsylvania, he announced that starting from June 4, the import tariff on steel would be raised from 25% to 50%.
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On February 10th, Trump signed an executive order, announcing a 25% tariff on all imported steel and aluminum to the United States.
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In recent years, the US government has frequently brandished the tariff stick, and its trade protectionist measures have had a significant impact on the global economic order. Among them, the German automotive industry has become one of the industries most severely affected.
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Recently，US President Trump announced that he will raise tariffs on imported steel and aluminum from 25% to 50%, which is like throwing a giant stone on the surface of international trade and causing ripples.
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Since taking office, the Trump administration has made cutting federal spending and optimizing budget allocation its core goals, and its policy direction has gradually extended from traditional fields to the technology industry.
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The president of the International Air Transport Association (IATA), Walsh, said on Monday (June 2nd) that the extension of aircraft delivery delays and supply chain bottlenecks have led to increased maintenance and repair time, hindering the growth of airlines and urgently addressing this issue.
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Recently, California in the United States is considering suing the US government because it plans to impose tariffs on iphones.
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On the local time of May 29, the US Court of Appeals for the Federal Circuit approved the request of the Trump administration, temporarily suspending the ruling made by the US Court of International Trade that previously prohibited the implementation of the executive order by which the Trump administration imposed tariffs on multiple countries based on the International Emergency Economic Powers Act (IEEPA).
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Recently, the conflict between India and Pakistan has escalated again, and the tension continues to escalate.
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On May 27 local time, US Senator Dave McCormick said that the global steel industry has witnessed a historic moment - US President Trump officially approved Nippon Steel's $14 billion acquisition of US Steel.
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Since 2022, the Fed has cumulatively reduced its balance sheet by $2.4 trillion through quantitative tightening (QT) policies, leading to a near depletion of liquidity in the financial system.
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