US EditionTrump signs executive order raising tariffs on steel and aluminum imports to 50%
- On June 5, 2025, U.S. President Donald Trump signed an executive order that will raise tariffs on steel and aluminum imports, doubling them to 50 percent starting Wednesday.
- The tariff increase follows last week's announcement amid escalating trade tensions, with Canada as the largest supplier of both metals to the U.S.
- Canadian officials, including Minister Dominic LeBlanc, held urgent talks in Washington ahead of the tariff hike, which threatens key sectors like automotive and manufacturing.
- Marty Warren, national director of United Steelworkers in Canada, warned that imposing a 50% tariff would effectively block Canadian steel from entering the U.S. Market, causing severe harm to workers and communities.
- The tariff hike is expected to boost U.S. Steelmakers but raise prices and disrupt supply chains, prompting calls for an immediate and decisive Canadian response.
231 Articles
231 Articles
Billions in Trade at Risk for Indian Metals Industry
Via Metal Miner India is seeing mixed reactions to U.S. President Donald Trump’s new announcement that he is imposing a 50% tariff on all steel and aluminum imports from the country. While the Indian Government sought to play down the new Trump tariffs, with one minister dubbing its impact as “minor,” some analysts, experts and trade bodies are not too sure. Many from this lobby have already expressed grave concern about the likely fallout of …
President Donald Trump unleashed a world trade war on the premise that imposing taxes on other countries would make jobs and factories “return with force” to the United States. Many business leaders have shown their scepticism about this proposal. Some have expressed disbelief. Sanjeev Bahl is optimistic. Bahl oversees some 250 people from his Los Angeles factory who sew, cut and wear denim pants for brands such as Everlane, J. Crew and Ralph La…
What We’re Watching: Trump doubles metal tariffs, Wildfires spread, & More
Trump doubles steel and aluminum dutiesDays after a judge nixed Donald Trump’s “Liberation Day” tariffs, the US president signed an executive order doubling steel and aluminum duties to 50%. Trump hopes the tariffs will boost domestic steel and aluminum industries, but the higher duties are terrible news for Canada, which is the top exporter of both metals to the US. Canada’s US-bound exports of steel were already down before Trump doubled the t…
Automakers Concerned Over Trump Doubling Steel and Aluminum Tariffs
Photo: Ryan Garza ~ USA TODAY NETWORK WASHINGTON D.C., June 5, 2025 ~ President Donald Trump signed an executive order on Wednesday that doubles his tariffs on all steel and aluminum imports, raising concerns for U.S. automakers on how it will affect their production costs. The tariffs are in effect now, rising from 25% to 50%, and are expected to heavily impact the auto industry due to the high presence of these materials in cars. “About 10% o…
Ford, GM Hit Tariff Wall - Will Margins Crumple On Cost Pressures? - Ford Motor (NYSE:F), General Motors (NYSE:GM)
Detroit automakers' stocks tumbled after 50% tariffs were announced on imported steel and aluminum, adding up to $400 to vehicle production costs.
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