Metals tariffs double as US pushes for best offers

The United States doubled tariffs on most imported steel and aluminum to 50 per cent on Wednesday, escalating a global trade dispute as President Donald Trump pressed trading partners to submit their best offers to avoid further import duties.

The tariff hike, effective from 12:01 am Washington time, raised rates from 25 per cent to 50 per cent, applying to all countries except Britain, which has reached a preliminary trade agreement with the US.

Key exporters such as Canada and Mexico are especially affected, with Canada heavily exposed due to its dominant share of US aluminum imports.

White House economic adviser Kevin Hassett said the increase followed a reassessment of trade data, aiming to provide stronger protection to domestic industries.

Mexico criticised the move as “unsustainable and unfair,” with Economy Minister Marcelo Ebrard announcing plans to seek an exemption. Canada confirmed ongoing negotiations to remove the tariffs.

The announcement coincided with a US deadline for trading partners to submit proposals to avoid broader “Liberation Day” tariffs expected to come into force in early July. So far, only the UK has secured a framework deal, with other countries urged to offer tariff reductions, import quotas, and commitments on digital trade and economic security.

Attribution: Reuters
Subediting: M. S. Salama