• President Trump has signed an order doubling tariffs on steel and aluminum from 25% to 50%.
• The increase aims to protect U.S. manufacturing but may raise consumer prices across various sectors.
• Canada and Mexico's leaders criticize the decision, calling it unjustifiable and illegal.
• Economists warn of widespread cost increases in industries reliant on these metals.
• Only imports from the UK will retain their 25% tariff due to a trade agreement.

On June 4, 2025, President Donald Trump implemented a significant increase in tariffs on imported steel and aluminum, doubling the rates from 25% to 50%. This executive order, confirmed during a visit to a U.S. Steel facility, aims to protect domestic industries from foreign competition, particularly low-priced imports that are seen as undermining U.S. manufacturing capabilities, according to various sources including Reuters and Los Angeles Times.

The tariff hikes come as part of ongoing negotiations between the U.S. and its trade partners, with the intention of encouraging domestic production. Many in the steel industry have welcomed the move, believing it will lead to job creation and investment growth, as noted by The New York Times and India Times.

However, critics, including leaders from Canada and Mexico, have expressed strong opposition, labeling the tariffs as "illegal" and "unjustified." Canadian Prime Minister Mark Carney indicated the measure is detrimental to both American and Canadian workers, while Mexican officials are looking into potential countermeasures, as reported by Al Jazeera and Al Jazeera.

The increase in tariffs is expected to lead to higher prices for a wide array of consumer goods, from automobiles to canned foods, as manufacturers often pass increased costs onto consumers. The impact could further strain global trade relationships, particularly as key allies prepare for possible retaliatory actions against U.S. imports, according to insights shared by BBC and CBS News.

While the tariffs on steel and aluminum from the UK will remain at 25% due to a trade agreement, the action against other partners is likely to shift market dynamics significantly, with Canada, which supplies a substantial amount of U.S. steel, voicing its discontent over the changes. The Canadian Steel Producers Association, along with Mexican leaders, have condemned the move as a detrimental blow to North American economies, according to India Times and Bloomberg.