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US defense sector braces for Trump tariff fallout
Defense News: The Trump administration’s announcement that it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada may hurt America‘s defense sector and imperil domestic jobs, analysts warn.
The tariffs, which will impose a 25 percent surcharge on imported steel and 10 percent on aluminum, will go into effect Friday, as the administration follows through on the penalties after earlier granting exemptions to buy time for negotiations. U.S. President Donald Trump announced the tariffs in March, citing national security concerns.
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