Trump signed proclamations raising the U.S. tariff rate on aluminum to 25% from his previous 10% rate and eliminating country exceptions and quota deals. The measures will take effect on March 4.

Proclamations cancel exemptions and duty-free quotas for major suppliers Canada, Mexico, Brazil and other countries in a move that could boost risk of multifront trade war

The president imposed a 25 percent tariff on global metals, repeating a move from his first term. Economists and foreign governments know what will come next.

Trump signed proclamations raising the U.S. tariff rate on aluminum to 25% from his previous 10% rate and eliminating country exceptions and quota deals as well as hundreds of thousands of product-specific tariff exclusions for both metals. A White House official confirmed that the measures would take effect on March 4.

The order also targets downstream steel products that use imported steel for tariffs. Read more at straitstimes.com.

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.

President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost.

President Donald Trump has ordered a 25% import tax on all steel and aluminium entering the US in a major expansion of existing trade barriers. The tariffs, which will increase the costs of importing the metals into the US,