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UK ministers working to secure carve-out from 50% rate for Indian-owned Port Talbot works

Canada’s Mark Carney calls the 50-percent tariff increase ‘illegal’, while Mexico’s Sheinbaum weighs countermeasures.

US President Donald Trump's 50% tariffs on steel and aluminium imports come into effect today. But could Germany's defence industry be paving the way for a steel boom?

Mexico says tariffs make ‘no sense’ as Canada seeks negotiations to remove the levies ongoing.

Prime Minister Anthony Albanese is expected to have his first face-to-face meeting with US President Donald Trump this month, against a background of increased steel and aluminium tariffs and US pressure on Australia to boost its defence spending.

The UK is the only nation exempt from the tariff increase after it struck a deal with the US early last month.

The European Union has said it "strongly regrets" a fresh move by US president Donald Trump to double import tariffs on steel and aluminium to 50 percent, warning the decision risks derailing efforts to resolve an escalating trade dispute with the United States. The new tariffs took effect on Wednesday.

EU -US trade talks going in the right direction, top trade negotiators from both sides say; stock markets rise, Germany’s Dax hits record high on tax relief package

Gareth Stace, the director general of UK Steel, said that Mr Trump’s decision is a ‘welcome pause’.