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President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. He has promised that the taxes will help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown.

President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.

President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.

With Ukraine signed up to US proposals for a 30-day ceasefire, the pressure is now on the Kremlin to decide whether it too will accept President Donald Trump’s plan to bring the Ukraine war to a halt, albeit a temporary one.

An influential Russian lawmaker, commenting on a ceasefire proposal agreed between U.S. and Ukrainian officials, said on Wednesday that any deal would be on Moscow’s terms, not Washington’s.

With steel and aluminum tariffs set to go into effect Wednesday, one of Michigan’s largest industries is facing pressure.