U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. He also said he will announce reciprocal tariffs on Tuesday or Wednesday.
Australia’s trade minister said its steel and aluminium exports to the U.S. create “good paying American jobs” and are key to shared defence interests, as Canberra presses Washington for an exemption to President Donald Trump’s planned tariffs.
Shares of BlueScope Steel hit a two-month high on Monday after U.S. President Donald Trump said he will announce 25% tariffs on all steel and aluminum imports, which could benefit the Australian steelmaker’s U.S operations.
US News: Key Trump administration officials are challenging judicial oversight, as recent rulings obstruct the president’s agenda. These legal hurdles have spa