Steel
Markets unsettled as Trump imposes 25% tariffs on steel and aluminium
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US President Donald Trump officially imposed 25% tariffs on steel and aluminium imports, sparking selloffs in the stock markets, and a further surge in gold prices.
Commission touts action plan for steel industry faced with US tariff wall
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The Commission has pledged an action plan for the steel industry to be launched in mid-March, days after US President Donald Trump’s threatened tariffs against the sector are slated to come into force, beckoning the onset of a trade war.
The firms accuse the Biden administration of blocking the merger for “purely political reasons”.