Quote from chief_editor on June 4, 2025, 10:38 am

On June 4, President Trump announced a hike in steel and aluminum import tariffs from 25% to 50%. The UK, however, received a temporary exemption due to an ongoing trade agreement, keeping its rate at 25%. The exemption is valid until July 9, pending the outcome of negotiations.

The decision has already triggered strong reactions from the EU, Canada, and Mexico, with some signaling potential retaliatory measures. While the U.S. government sees this as a way to support domestic industry, many worry it could escalate global trade tensions.

"📷 President Donald Trump tours U.S. Steel works in Pennsylvania. On June 4, the U.S. increased tariffs on foreign steel to 50%. (Photo: Saul Loeb/AFP/Getty Images)"