President Trump announced 25% tariffs on steel and aluminum imports to protect American industries and gain foreign leverage, despite warnings of increased consumer costs.

Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and other users of metal goods.

The top three suppliers of steel to the US are Canada, Brazil, and Mexico. China is the 10th-largest supplier of steel to the country.

Metallus praised Trump's recent 25% tariff on steel and aluminum. Regional manufacturers say their operations shouldn't be majorly impacted.

Trump did pretty much the same with steel and aluminum tariffs during his first term. But they took a toll last time,

President Donald Trump has said he will implement a 25% tariff on all steel and aluminum imports beginning in March. One Lowell company says it supports the move.

The president imposed a 25 percent tariff on global metals, repeating a move from his first term. Economists and foreign governments know what will come next.

Shares of steel and aluminum manufacturers jumped Monday after President Donald Trump said he planned to implement new tariffs on imports of the two metals.

Trump set a 25% tariff, essentially a tax, on any steel and aluminum coming into the United States. As a result, consumers could expect to pay more for a wide range of products, from appliances and automobiles to canned beverages and sporting goods.

President Donald Trump’s tariffs on steel imports this week are likely to wreak havoc on American auto manufacturing, industry leaders say

Prices of industrial metals in the U.S. extended gains on Tuesday, reflecting the impact of U.S. President Donald Trump's 25% tariffs on steel and aluminium as industry will struggle to source enough domestic material.