Trump signs order to double taxes on American buyers of steel, aluminum

Source: NDTV [India]

“The United States will double its tariffs on imported steel and aluminum starting Wednesday, according to the White House, as it published an order signed by President Donald Trump. The move marks a latest salvo in Trump’s trade wars, bringing levies on both metals from 25 percent to 50 percent. But tariffs on metal imports from the UK will remain at the 25 percent rate, while both sides work out duties and quotas in line with the terms of their earlier trade pact. … The European Union warned over the weekend that it was prepared to retaliate against levies.” (06/04/25)

https://www.ndtv.com/world-news/us-steel-aluminum-tariff-hikes-to-take-effect-from-today-8581679