United States President Donald Trump's 50% tariffs on foreign steel and aluminum imports kicked in as of 12:01 am ET on Wednesday, with the doubled levies applying to all trading partners except Britain, which, being the only country so far that came to a preliminary trade agreement with the US, will stay at 25% until at least 9 July.
The move "will more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminum in the...