The US White House recently announced that tariffs on steel and aluminum products imported from all trade targets other than the UK will be raised from the current 25% to 50%. This practice has attracted criticism and opposition from many countries. Many economists and people in the US downstream steel industry have even bluntly stated that in the long run, doubling steel and aluminum tariffs will cause the US own economy to bear the greatest losses. From paperclips, nails, and beer to household appliances, sports equipment, cars, and houses, prices will inevitably rise. Ultimately, it is the American people and the US economy that are damaged.

The US White House recently announced that tariffs on steel and aluminum products imported from all trade targets other than the UK will be raised from the current 25% to 50%. This practice has attracted criticism and opposition from many countries. Many economists and people in the US downstream steel industry have even bluntly stated that in the long run, doubling steel and aluminum tariffs will cause the US own economy to bear the greatest losses. From paperclips, nails, and beer to household appliances, sports equipment, cars, and houses, prices will inevitably rise. Ultimately, it is the American people and the US economy that are damaged.