Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.

Top American steel producers are charging more for their products due to tariffs, which economists say is a natural effect that squeezes buyers and that Canada should avoid.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

For the hundreds of Canadian steelworkers who lost their jobs this year amid President Donald Trump’s trade war, talk of reaching a trade deal between Canada and the U.S. is coming too little, too late.

British Prime Minister Keir Starmer will lobby U.S. President Donald Trump to accelerate a final deal to cut tariffs on British steel, the Financial Times reported on Friday.

The Trump administration's tariff strategy aims to secure better trade deals, but experts warn of inevitable consumer price hikes. As tariffs on steel, aluminum, and other imports increase, the cost of essential goods is set to rise,

Tariff expenses are starting to pile up for auto manufacturers and suppliers. General Motors Co., for example, said tariffs cost it $1.1 billion in the second quarter, while Stellantis expects a full-year tariff impact of $1.2 billion-$1.8 billion.

A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.