Trump Doubles Metal Tariffs to 50% India Faces Trade Setback as UK Secures Exemption
A New Tariff Shockwave strikes the markets as Trump Doubles Metal Tariffs to 50% India Faces Trade Setback as UK Secures Exemption. In a move that’s shaking global markets, US President Donald Trump has signed an executive order to double tariffs on imported steel and aluminium from 25% to 50%, effective June 4, 2025. The hike, which Trump claims will “further secure the steel industry in the US,” has sparked immediate reactions across global trading partners. While the United Kingdom has been exempted from this sharp increase thanks to a bilateral trade agreement, India is among the nations expected to face direct consequences.
Read more
Trump Doubles Down on Steel: 50% Tariffs and $14B Deal with Nippon Steel Announced in Pennsylvania
In a move to revive the American steel industry Trump Doubles Down on Steel: 50% Tariffs and $14B Deal with Nippon Steel Announced in Pennsylvania. In a fiery rally in Mon Valley, Pennsylvania, President Donald Trump made headlines by announcing the doubling of tariffs on steel and aluminium imports from 25% to 50%. This bold move, effective Wednesday, June 4, is part of Trump’s renewed effort to revive the American steel industry and position himself as the champion of blue-collar workers in the Rust Belt.
Read more