The US government started the week by reigniting global trade tensions. On June 2, 2025, the United States doubled tariffs on steel and aluminum imports, increasing them from 25% to 50%. The decision, led by Donald Trump, aims to boost domestic production but has already triggered strong reactions in the markets and on the international stage.
Immediate economic impact
The aluminum premium surged by 54% in a single day in the US, totaling a 164% increase this year. The measure puts pressure on several industries and raises concerns about rising costs for consumers. Despite the tension, the Nasdaq and S&P 500 indexes closed higher, reflecting investor optimism.
China reacts with strong criticism
The Chinese government called the new tariffs a direct violation of recent trade agreements. It also condemned export restrictions and new visa rules for Chinese students in the US, accusing Washington of systemic discrimination.
Domestic shifts in the US
On the same day, the Department of Justice asked the Supreme Court to lift an injunction that blocks mass layoffs in the federal workforce. The White House is reinforcing its agenda to downsize the government as part of a new fiscal policy.
