<br><div><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__bv"/><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__bvd gnt_x__h"/><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - Trump says 25% tariffs on steel, aluminum the start to 'making America rich again'"><div class="gnt_em_vp_w" data-g-r="vp_tp" data-c-vt="exco" data-t-pl="teal-hero"><button class="gnt_em_vp_a gnt_em_vp__tp_a" data-g-r="vp_ap vp_tg" data-c-vpattrs="{"muted":true,"bContent":false,"an":"usatoday","pn":"USA TODAY","vidNum":0,"docking":true,"exid":"7a94a662-d8e9-49a7-aeba-e8a15c79f0f2","plcmt":"2","iu":"/7103/usatoday/preroll_video/","cut":1}" data-c-vpdata="{"adsEnabled":true,"awsPath":"news","byline":"Steve Saldivar and Patrick Colson-Price","canonicalURL":"","contentSourceCode":"USAT","credit":"","duration":67000,"headline":"Trump says 25% tariffs on steel, aluminum the start to 'making America rich again'","hlsURL":"https://hlsmedia.gannett-cdn.com/authoring/videos/zype/renditions/67aaa7018cb3bc0001b9a762/480p_30fps,720p_30fps,1080p_30fps,master.m3u8?subtitles=78396900007","id":"78396900007","image":{"opto":true,"url":"/gcdn/authoring/authoring-images/2025/02/11/USAT/78396907007-clean.jpg?crop=1919,1079,x0,y0"},"keywords":"Donald Trump,Executive Orders,Import tariffs,VPC - Video Analytics,Video Syndication - USAT","mp4URL":"https://downloadmedia.gannett-cdn.com/authoring/videos/zype/renditions/67aaa7018cb3bc0001b9a762/1080p_30fps.mp4","origin":"USA TODAY","pageURL":{"long":"https://www.usatoday.com/videos/news/2025/02/10/trumps-signs-executive-order-imposing-25-tariffs-on-aluminum-steel/78396900007/"},"promoBrief":"President Donald Trump signed an executive order imposing 25% tariffs on all steel and aluminum imports in an ongoing trade war with key partners.","propertyName":"USATODAY","series":"","ssts":{"section":"news","subsection":"","topic":"","subtopic":""},"tags":[{"id":"26f031d1-9924-4f10-b4e6-019d076113d5","name":"Donald Trump"},{"id":"b50214f5-456e-4a5f-9785-fd9e032e1be4","name":"Executive Orders"},{"id":"c9892509-9efa-49f4-a29f-1cc49ce4bf2f","name":"Import tariffs"},{"id":"12cc5543-9f04-49f7-9b7f-d0d46b93b8e0","name":"VPC - Video Analytics"},{"id":"6f55135f-3b5e-490d-8a52-a3b8e1f11ee7","name":"Video Syndication - USAT"}],"title":"Trump's signs executive order imposing 25% tariffs on aluminum, steel","url":"/videos/news/2025/02/10/trumps-signs-executive-order-imposing-25-tariffs-on-aluminum-steel/78396900007/"}" aria-label="Play video"><img alt="" class="gnt_em_vp_img" src="https://www.usatoday.com/gcdn/authoring/authoring-images/2025/02/11/USAT/78398932007-20101008-t-120000-z-519875893-gm-1-e-6-a-80-u-6501-rtrmadp-3-uschina.JPG?crop=3499,1968,x0,y315&width=660&height=371&format=pjpg&auto=webp" data-g-r="vp_po" fetchpriority="high" elementtiming="ar-lead-image" decoding="async"/><svg class="gnt_em_vp_svg"><use xlink:href="#gnt_svg_video_play"/></svg></button></div></aside><p class="gnt_ar_b_p">President Donald Trump’s plan to hit imports from foreign countries with sweeping <a target="_blank" href="http://www.usatoday.com/story/news/politics/2025/02/13/trump-tariffs-trade-war/78415322007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a">reciprocal tariffs</a> could nearly double U.S. inflation if fully imposed, a study said, intensifying a recent resurgence in consumer price increases.</p><p class="gnt_ar_b_p">“My view is it would mean a real shock to the American economy,” said Gary Hufbauer, an economist and senior fellow at the Peterson Institute for International Economics. “Quite a bit of inflation.”</p><p class="gnt_ar_b_p">That’s a worst-case scenario that may be substantially mitigated. The Trump administration has acknowledged the fees at least partly serve as a negotiating tactic aimed at prodding foreign countries to lower their import charges on the U.S. A White House official also said countries that have the largest trade deficits with the U.S. will be examined first.</p><p class="gnt_ar_b_p">And American retailers and manufacturers likely would absorb at least some of the duties instead of passing them along to consumers through higher prices, economists said.</p><figure class="gnt_em gnt_em_img"><img class="gnt_em_img_i" style="height:491px" fetchpriority="high" data-g-r="lazy" src="https://www.usatoday.com/gcdn/authoring/authoring-images/2025/02/11/USAT/78398932007-20101008-t-120000-z-519875893-gm-1-e-6-a-80-u-6501-rtrmadp-3-uschina.JPG?width=660&height=491&fit=crop&format=pjpg&auto=webp" srcset="https://www.usatoday.com/gcdn/authoring/authoring-images/2025/02/11/USAT/78398932007-20101008-t-120000-z-519875893-gm-1-e-6-a-80-u-6501-rtrmadp-3-uschina.JPG?width=1320&height=982&fit=crop&format=pjpg&auto=webp 2x" decoding="async" alt="A man works on the dock as China Shipping containers are unloaded from a ship after being imported to the U.S. in Los Angeles."/></figure><p class="gnt_ar_b_p">Still, the tariffs would be so far-reaching – intended to match foreign taxes, subsidies and other trade barriers – that imposing even a significant portion of them could notably boost consumer prices, especially if tacked onto the flurry of other import levies Trump has announced.</p><p class="gnt_ar_b_p"><strong>Need a break?</strong> <a target="_blank" target="_blank" rel="noopener" data-t-l=":body nav (cw)|e|auto spike click:6|${u}" class="gnt_ar_b_a" href="https://puzzles.usatoday.com/">Play the USA TODAY Daily Crossword Puzzle.</a></p><p class="gnt_ar_b_p">"U.S. reciprocal tariffs will be a big deal," Capital Economics titled a note to clients on Friday.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><h2 class="gnt_ar_b_h2">What is meant by reciprocal tariffs?</h2><p class="gnt_ar_b_p">Under the plan, the government would slap imports...</p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/2025/02/16/trump-tariffs-inflation-economy-impact/78398446007/">Read more <span>➤</span></a> </div>
