US EditionPresident Trump Discusses Ukraine with Putin, Doubles Tariffs on Steel and Aluminum
- Just after midnight EDT on June 4, 2025, President Donald Trump increased import duties on steel and aluminum products to 50%, doubling the previous rate from 25%.
- The tariffs aim to protect U.S. Steel and aluminum industries, responding to foreign oversupply that allegedly undermines national security and market competitiveness.
- The tariff increase follows prior levies announced in March 2025 and has raised concerns from allies like Canada and industries reliant on metals, including automakers and homebuilders.
- Kevin Dempsey, president of the leading U.S. Steel industry group, welcomed the tariff increase as a necessary step to curb damaging import surges from countries like China. Meanwhile, representatives from Canadian industry groups cautioned that the higher tariffs threaten the viability of their exports and could lead to widespread economic disruption.
- The tariffs could increase costs for U.S. Consumers and businesses, worsen trade tensions, and contribute to slower global economic growth amid fears of mounting protectionism.
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Sudbury Star
Toronto SunCanada in 'intensive discussions' amid latest U.S. tariff hike: Carney
OTTAWA — The Trump White House’s doubling of steel and aluminum tariffs is unlawful, said Prime Minister Mark Carney, who’s promising Canada will not remain silent.
‘Canada is not the problem’: Canadian official reacts to Trump’s new steel tariffs
US tariffs on steel and aluminum doubled from 25% to 50%, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers. Ontario Premier Doug Ford reacts to the latest development in President Donald Trump’s trade war.
Trump doubles steel and aluminum tariffs to 50%
President Trump is criticizing Fed Chair Jerome Powell once again and raising steel tariffs up 50%. NBC News Correspondents Kelly O'Donnell and Christine Romans report more. Professor of Economics and Public Policy at the University of Michigan Justin Wolfers joins Ana Cabrera to share his expertise on the impact of tariffs.
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