The escalating trade tensions between countries, fueled by retaliatory tariffs, are causing concern among recyclers like Andrew Lincoln of Lincoln Recycling in Erie, Pennsylvania. President Trump’s 25% tariffs on steel and aluminum have triggered a wave of countermeasures from foreign governments, leading to an uncertain future for the recycling industry. The temporary carveouts granted by Trump to Canada and Mexico are set to expire soon, with new tariffs expected to be announced. This has prompted countries like the European Commission to prepare for reintroducing retaliatory duties they had previously imposed during Trump’s first term as part of a broader series of levies on American products scheduled for mid-April. Canada has already implemented 25% tariffs on various U.S. goods, including steel and aluminum. While recyclers like Lincoln may initially benefit from increased demand for domestic metal imports due to the tariffs, they remain cautious about the broader implications of these trade disputes. The uncertainty surrounding commodity prices and the potential long-term effects of retaliatory measures make it difficult for businesses in this sector to plan ahead effectively.
[Original Article](https://www.nbcnews.com/business/economy/retaliatory-tariffs-mount-recyclers-worry-goes-comes-rcna199038) #retaliatory #tariffs [Visit GhostAI](https://ghostai.pro/)
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