TALLAHASSEE, Fla. (WTXL) - The U.S. is imposing steep tariffs on steel and aluminum from three of America's biggest trading partners: Mexico, Canada, and the European Union.
In March, President Donald Trump announced new worldwide trade penalties would be going into effect.
The EU, Mexico, and Canada were granted two-month exemptions while negotiators talked, but those negotiations ended last Friday.
Now, Commerce Secretary Wilbur Ross says a 25 percent tariff on imported steel and a ten percent tariff on imported aluminum will be imposed.
Mexico and the EU have already announced plans to retaliate with their own tariffs against U.S. made products.
Florida State University professors say they believe that the new tariffs issued by the United States is not a good thing and could have lasting negative effects on the United State's trade market.
"It's not just going to be a tariff that goes up on our product, it's also going to be other countries retaliating against that on different type of products," said Dr. Samuel Staley, professor in FSU College of Social Sciences and Public Policy. "This will escalate to the point in the extent where it reduces national trade that's going to create a global economic slow down."
The tariffs will go into effect at midnight.
