European producers have warned that high tariffs will exacerbate existing economic pressures. U.S. President Donald Trump’s decision to raise tariffs on steel and aluminum imports to 50 percent took effect on Wednesday, escalating a trade dispute that threatens to further weaken the EU’s metals sector and disrupt downstream manufacturing across the bloc. RELATED: Mexico Calls […]

Nevertheless, the Sheinbaum administration would seek to reach an agreement with Washington on the issue. On Wednesday, Mexican President Claudia Sheinbaum called the increase in U.S. tariffs on steel and aluminum from 25% to 50% an unjust measure that lacks legal basis. She said her government would seek to reach an agreement with Washington on […]

Higher tariffs on steel and aluminum would address national security threats, the U.S. president said. Starting from Wednesday, the United States started to raise tariffs on imported steel and aluminum from 25 percent to 50 percent, according to an executive order signed by U.S. President Donald Trump. RELATED: Six Nobel Laureates Urge Senate to Reject […]