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Searched Tag: steel prices
US President Donald Trump addresses steelworkers at US Steel’s Mon Valley Works, Pennsylvania, announcing plans to raise tariffs on steel and aluminium imports to 50 per cent starting Wednesday.

Trump promises to double tariffs on all steel, aluminium imports

June 4, 2025, 10:39 AM - 5 min read

US President Donald Trump will raise tariffs on most foreign steel and aluminium imports to 50 per cent from Wednesday, citing national security concerns. The move aims to protect domestic industry but risks raising costs for manufacturers and consumers amid warnings of possible global trade retaliation.

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