Trump’s steel tariffs fuel Apac uncertainty

Retaliatory tariffs, a stronger dollar and several u-turns from the Trump administration are creating an uncertain outlook for 2025 and is pushing up the price of gold; meanwhile, Hong Kong and China are lodging complaints to the WTO.

Andrew Tjaardstra

February 11, 2025

US president Donald Trump’s latest tariff move, announced on Monday, February 10, is a proclamation to place a 25% tariff on all US steel and aluminium imports from March 4, the same date as other tariffs on a wide range of goods from Mexico and Canada could also kick in.

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