Donald Trump plans to increase tariffs on imported steel and aluminium to 50 per cent from 25 per cent, ratcheting up pressure on global steel producers and deepening his trade war.“We are going to be imposing a 25 per cent increase.

President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles

Hiking tariffs could increase costs for American consumers and manufacturers of a variety of products, such as cars and homes, that use steel.