Trump’s tariffs on steel and US President Donald Trump has imposed tariffs on steel and aluminium imports, a move that is expected to escalate tensions with America’s major trading partners. The new rules will impose a 25% tariff on steel and aluminium imported into the US and will end existing exemptions for all countries. In response, the European Union (EU) has announced retaliatory tariffs on billions of euros worth of US goods. Trump hopes the tariffs will boost US steel and aluminium production. But critics say they will raise prices…
Read MoreTrump’s tariffs on steel and aluminum: Global reactions and fears of trade war
