Reported 2 days ago
U.S. President Donald Trump has announced plans to double tariffs on steel and aluminium imports to 50%, impacting major trade partners. Approximately 25% of U.S. steel is imported, primarily from Mexico, Canada, Japan, South Korea, and Germany; however, imports from China remain low due to previous tariffs. In contrast, about half of U.S. aluminium is imported, predominantly from Canada, with the UAE and China also being significant sources.
Source: YAHOO