Trump, Mexico and steel
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President Trump doubled almost all aluminum and steel import tariffs, seeking to curb China’s growing dominance in global trade. These six charts show the tariffs’ potential economic effects.
President Donald Trump announced Friday that he would set tariffs on steel imported into the United States at 50%, double their current rate.
President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.
12don MSN
President Trump announced Friday he'll double steel tariffs from 25% to 50% during a visit at a U.S. Steel mill in the Pittsburgh area.
President Sheinbaum said that if Mexico fails to reach an agreement with the United States, her government will announce its response to the 50% steel tariff next week.
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
A U.S. tariff on imports of steel and aluminum took effect Wednesday, doubling to 50% and casting a pall on a gathering of OECD ministers.
In return, Trump said, the U.S. will provide China "what was agreed to," including allowing Chinese students to attend American colleges and universities.