Harsh reactions on doubled steel tariffs – DW – 06/05/2025
Four days after announcing a doubling of tariffs on steel and aluminium, the higher tariffs are now in place. It mostly affects neighbor countries Canada and Mexico, two of the US' biggest steel suppliers.
The US has raised tariffs on Canadian and Mexican steel and aluminum from 25% to 50%, effectively shutting Canadian exports out of the US market. Mexican officials believe the tariffs will eventually need adjustments due to their economic impact. President Donald Trump is using tariffs as leverage to push for individual trade agreements, with the UK being the only country to finalize a deal so far. While the tariffs are meant to protect American industries and jobs, they also increase costs for key sectors like auto manufacturing and construction. These price hikes may ultimately burden US consumers, including many of Trump's supporters.
This video summary was created by AI from the original DW script. It was edited by a journalist before publication.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Int'l Business Times
9 hours ago
- Int'l Business Times
Musk Fires Back With Slur After Steve Bannon Called for Trump to Seize SpaceX, Deport the CEO
Elon Musk hurled slurs after former Trump strategist Steve Bannon called for the president to seize SpaceX and deport Musk following his public tirade against President Donald Trump and his support for Republicans' "one big, beautiful bill." Bannon railed against Musk and his work with the Department of Government Efficiency during the Thursday episode of his "War Room" podcast, in which he claimed that Trump was upset that Musk "didn't find any fraud." STEVE BANNON: "President Trump, TONIGHT, should sign an executive order calling up the Defense Production Act, and seize SpaceX TONIGHT, before midnight." — Eric Daugherty (@EricLDaugh) June 5, 2025 "When he threatens to take one of the big programs out of SpaceX, President Trump tonight should sign an executive order calling for the Defense Production Act to be called and seize SpaceX tonight before midnight," Bannon declared. Clips of this part of the podcast were then shared to X, Musk's social media platform, where Musk had some choice words to reveal his thoughts toward Bannon's ideas. Bannon is peak retard — Elon Musk (@elonmusk) June 6, 2025 "Bannon is peak r*****," the Tesla CEO commented after the video was reposted to by the popular X account "R***** Finder." Musk then doubled down on the sentiment hours later in another comment after another user shared the same clip: "Bannon is a communist r*****." Bannon is a communist retard — Elon Musk (@elonmusk) June 6, 2025 Earlier in the day, Bannon had called for Musk to be deported, telling the New York Times , "They should initiate a formal investigation of his immigration status because I am of the strong belief that he is an illegal alien, and he should be deported from the country immediately." Bannon's support for Trump continued after Musk posted a series of scathing tweets directed at the president over Republicans' "big, beautiful bill" which Trump has expressed support for. Although Musk served as a close ally of Trump for the past several months, he explained that he believes the spending bill would undermine the work of DOGE, as current estimates suggest the bill will raise the national deficit by several trillion dollars. While Musk's tweets initially just railed against the bill and dug up tweets from Trump's past where he expressed opposition to raising the national deficit, the tirade later became more accusatory, claiming that the files on Jeffrey Epstein have not been released yet because Trump's name is in them. Trump and the White House have not addressed this accusation, though he told ABC News Friday that he is "not particularly" interested in talking to Musk anytime soon. Originally published on Latin Times Elon musk Donald trump Spacex
Int'l Business Times
11 hours ago
- Int'l Business Times
Musk's Rage 'Helps Bolster' GOP Senator's Efforts Against Trump's 'Big, Beautiful Bill,' Lawmaker Says
Sen. Ron Johnson said Elon Musk's explosive criticism of Donald Trump's sweeping tax-and-spending plan helps reinforce Republican opposition to the bill, which some in the GOP warn will worsen the federal deficit. The latest divide within the party comes as lawmakers debate Trump's so-called "One Big Beautiful Bill," a legislative package that his allies say fulfills campaign promises but that fiscal conservatives like Johnson argue is too costly. Musk's public meltdown over the bill, paired with his threats to oust supporters and revelations that he donated over $250 million to Trump's campaign, has further complicated the politics surrounding the measure, the Milwaukee Journal Sentinel reported. In a series of social media posts this week, Musk claimed Trump wouldn't have been reelected without him, accused the former president of ties to the Jeffrey Epstein investigation, and called for his impeachment. Trump fired back by threatening Musk's federal contracts and accusing him of trying to sabotage the legislation to protect electric vehicle tax breaks for Tesla. While Johnson welcomed Musk's support in questioning the bill's fiscal impact, other Republicans brushed off the feud. Rep. Derrick Van Orden called the dustup a "tempest in a teapot" and reiterated his loyalty to Trump. "I think it has an impact," Johnson said. "I think it helps bolster, certainly, my case that we have to address this." Rep. Tom Tiffany said Musk's input came too late to make a difference. Still, some lawmakers acknowledged that the billionaire's comments aren't helping the GOP unify behind the bill. Rep. Scott Fitzgerald said Musk's attacks weren't "helpful," and Rep. Troy Nehls accused Musk of having "lost [his] damn mind." Despite the fallout, Van Orden said the legislation will move forward and insisted Trump is still leading the GOP. Originally published on Latin Times
DW
11 hours ago
- DW
Thousands gather for WorldPride in Washington – DW – 06/06/2025
Misha Komadovsky 06/06/2025 June 6, 2025 Washington D.C. is becoming a global stage for love, pride, and protest. Thousands are gathering for WorldPride — but not everyone feels safe enough to attend, as DW's reporter found out.
