Reported 2 days ago
U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminum from 25% to 50%, aiming to bolster the U.S. steel industry amid escalating trade tensions. The announcement was made during a rally in Pennsylvania, where Trump touted a significant agreement between Nippon Steel and U.S. Steel. The tariff increase has drawn criticism from both Canadian and Australian officials, highlighting concerns over the impact on North American economic security and global trade relations.
Source: YAHOO