Trump sets 25% tariffs on steel and aluminium

Big deal: Trump with US Commerce Secretary nominee Howard Lutnick at the signing in the Oval Office in Washington. The new tariffs will affect value-added products needed in everything from automobiles to window frames and skyscrapers. — Bloomberg

WASHINGTON: President Donald Trump is ordering a 25% tariff on steel and aluminium imports, escalating his efforts to protect politically important US industries with levies hitting some of the country’s closest allies.

The tariffs will apply widely to all US imports of steel and aluminium, including from Canada and Mexico, the country’s top two foreign suppliers of the metals.