<h1>Trump Raises Steel & Aluminum Tariffs to 25%, Ends Exemptions; EU & Canada Counter with Own Tariffs on U.S. Goods.</h1> President Donald Trump has increased tariffs on all steel and aluminum imports to 25%, removing previous exemptions and aiming to boost U.S. factory jobs. This move is part of a broader strategy to reshape global trade, affecting countries like Canada, Mexico, and China, with plans to extend tariffs to the EU, Brazil, and South Korea. The EU and Canada have announced countermeasures, imposing their own tariffs on U.S. goods. While the tariffs could benefit U.S. steel and aluminum producers, they may raise costs for manufacturers using these materials, potentially leading to reduced production and investment.