President Donald Trump‘s recent imposition of tariffs has ignited debates over their costs and benefits. While these tariffs have created uncertainty for consumers, businesses, and governments, they can also serve as protection against predatory trade practices from competitors such as China.

Among the most significant sector-specific tariffs, Trump imposed a 25% duty on all steel and aluminum imports on March 12. In contrast to his first term, the president has provided no exclusions for U.S. companies that rely on foreign steel and aluminum.