US to double tariffs on steel, aluminium imports to 50%: Donald Trump

US steel tariffs update: US President Donald Trump Friday said he would double tariffs on steel and aluminium imports from 25 to 50 per cent in the latest escalation of his global trade war. Speaking at US Steel's Mon Valley Works-Irvin plant near Pittsburgh, Trump said tariffs on steel imports would double to 50 per cent, with a similar hike imposed on aluminium. The measures are set to take effect on Wednesday. The decision comes amid rising steel prices in the US, which have increased 16 per cent since Trump returned to office in January. As of March 2025, US…