Steel Man

And the tariff saga intensifies: On Sunday, Trump announced plans to impose 25% tariffs on all steel and aluminum imports into the US, hitting every country, including key suppliers like Canada and Mexico. While the timeline remains unclear, the consequences are not—trade disruptions and an escalating tariff war seem inevitable, with likely retaliatory measures from affected nations. For financial markets, this signals more uncertainty, higher inflation, and, ultimately, a weaker US consumer burdened by rising costs.