Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

Mexico says tariffs make ‘no sense’ as Canada seeks negotiations to remove the levies ongoing.

In a move that has reignited trade tensions with key allies, United States President Donald Trump has doubled tariffs on steel and aluminium imports.

The new rates, which came into effect early on Wednesday, raise duties from 25 percent to 50 percent. Trump says the measure is designed to bolster the struggling US metals sector.

“We started at 25 and then, after studying the data more,…

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News Source: www.aljazeera.com

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