Trump doubles steel, aluminium tariffs to 50% from June 4, exporters say ‘complicates trade talks’

News Snapshot:

US steel tariffs update: US PRESIDENT Donald Trump Friday announced he would double import tariffs on steel to 50 per cent, a move that was termed “unfortunate” by India’s exporters, who said this made trade talks “much more difficult and complicated”. Addressing a rally at a US steel plant in West Mifflin, Pennsylvania, Trump said Friday, the sharp hike in tariffs on steel from 25 per cent to 50 per cent will “even further secure the steel industry in the United States”. “Nobody’s going to get around that,” he said. Later in a social media post, Trump said, “It is...