Reported 2 days ago
The US has doubled its tariffs on steel and aluminum imports to 50%, effective immediately, as President Trump's administration calls for trading partners to submit their best offers to avoid additional tariffs scheduled to take effect next month. The move has raised concerns among European businesses and trading partners, particularly Canada and Mexico, which will be significantly affected. The uncertainty in US trade policy is already impacting companies, with some scaling back growth ambitions due to the tariffs and market volatility.
Source: YAHOO