WASHINGTON — U.S. tariffs on steel aluminum and steel are set to double to 50% on Wednesday, a levy the Trump administration says will safeguard the American steel industry from inexpensive imports.
On Tuesday evening, U.S. President Donald Trump signed a proclamation for the tariff hike — up from 25% announced in March — to take effect on Wednesday at 12:01 a.m. U.S. Eastern time. The U.K. is exempt from the increased levy.
