WASHINGTON (Reuters) -U.S. President Donald Trump will sign an executive order on Tuesday making official his vow to double tariffs on steel and aluminum, White House spokeswoman Karoline Leavitt told reporters in a briefing. Trump on Friday announced that he would increase tariffs on the two metals from 25% to 50%. On Monday, U.S. steel […]
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Trump to sign order doubling metals tariffs, White House says
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WASHINGTON (Reuters) -U.S. President Donald Trump will sign an executive order on Tuesday making official his vow to double tariffs on steel and aluminum, White House spokeswoman Karoline Leavitt told reporters in a briefing.
Trump on Friday announced that he would increase tariffs on the two metals from 25% to 50%. On Monday, U.S. steel and aluminum prices jumped while shares of foreign steelmakers fell.
(Reporting by Jeff Mason; writing by Susan Heavey; Editing by Leslie Adler)