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Donald Trump intends to raise tariffs on foreign steel imports to 50% from 25%. This move aims to bolster the US steel industry. The tariff increase coincides with an agreement between Nippon Steel ...

Donald Trump to double tariffs on foreign steel to 50% Hiking tariffs could increase costs for American consumers and manufacturers of a variety of products, such as cars and homes, that use steel.

China's declining steel demand is sweeping through related markets, with prices of the coking coal and coke used in blast furnaces plunging to their lowest since 2016.

The tariffs of 25% on most steel and aluminum imported to the U.S. went into effect in March, and he had briefly threatened a 50% levy on Canadian steel but ultimately backed off.