Reported 2 days ago
US President Trump's announcement to double tariffs on steel and aluminium imports to 50% has led to a sharp increase in metal prices while shares of foreign steelmakers plummet. The tariffs, effective June 4, have intensified fears of a global trade war and raised concerns among analysts about potential impacts on US industrial activity. While domestic producers welcome the tariffs, international markets, particularly in South Korea and Europe, brace for significant challenges.
Source: YAHOO