Tariffs on Steel, Aluminum Double
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US tariffs on steel and aluminum just doubled to 50%. CNN’s Matt Egan breaks down what products could get more expensive and why the manufacturing industry is worried these tariffs could lead to job losses.
U.S. prices of steel and aluminium spiked on Monday while shares of foreign steelmakers slumped after U.S. President Donald Trump said he would double tariffs on imports of the two metals to 50%.