Trump to double tariffs on steel imports – as he threatens China

News Snapshot:

Donald Trump said he plans to double tariffs on steel imports from next week, deepening his trade war which has hit global markets. The US president told a rally of steel workers in West Mifflin, Pennsylvania, on Friday that tariffs would be raised from 25% to 50%, "which will even further secure the steel industry in the United States". Mr Trump later said on Truth Social that the new levy - also affecting aluminium imports - would be in effect from Wednesday and that American "industries are coming back like never before". "This will be yet another BIG jolt of...