President Trump signed an order Tuesday doubling tariffs to 50% on steel and aluminum imports — drawing swift criticism from officials in neighboring Canada and Mexico. Why it matters: Trump's order said the increased tariffs that took effect early Wednesday "will more effectively counter" countries that "offload low-priced,

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

The recent decision by President Donald Trump to double tariffs on steel and aluminum imports from 25% to 50% has sent ripples through the international trade community. This move, justified by Trump as a means to further secure the U.

Trump's tariffs slashed farm exports, raised input costs and left farmers reliant on unsustainable bailouts, experts warn.

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

Even before Donald Trump’s “Liberation Day” tariffs on April 2nd, the median estimate among the 48 who were surveyed by the University of Chicago’s business school was that Mr Trump’s levies would raise inflation in 2025 by 0.