https://www.taxtmi.com/news?id=37153 The executive action imposes 25% tariffs on all steel and aluminum imports and removes prior exemptions to incentivize domestic production, while planning reciprocal rates on additional trading partners. The measure has triggered retaliatory trade responses from major partners, and cited empirical evidence suggests gains for metal producers were offset by larger production losses among downstream manufacturers, affecting prices, investment and reshoring incentives. en-us Wed, 12 Mar 2025 20:16:03 +0530 Wed, 12 Mar 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37153 The executive action imposes 25% tariffs on all steel and aluminum imports and removes prior exemptions to incentivize domestic production, while planning reciprocal rates on additional trading partners. The measure has triggered retaliatory trade responses from major partners, and cited empirical evidence suggests gains for metal producers were offset by larger production losses among downstream manufacturers, affecting prices, investment and reshoring incentives. News - Wed, 12 Mar 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=37153