Steel mill amid Trump's tariff threats Iron reinforcing bars are piled up at the premises of a steel mill in Incheon, west of Seoul, on March 11, 2025, one day before U.S. President Donald Trump's planned imposition of 25 percent tariffs on steel,

The Trump administration on Wednesday will effectively plaster 25% taxes – tariffs – on all steel and aluminum imports. The president said on Tuesday that the U.S. would double the forthcoming levy on the two metals to 50% if they come from Canada — but pulled back on the threat by the afternoon after the province of Ontario suspended its plans for retaliatory tariffs.

Trump's action to bulk up protections for American steel and aluminum producers restores effective global tariffs of 25% on all imports of the metals.