Trump tariffs on steel and aluminum go into effect

News Snapshot:

U.S. President Donald Trump walks from the Oval Office to depart on Marine One on the South Lawn of the White House in Washington, Feb. 28, 2025. (AP Photo/Ben Curtis, File) WASHINGTON — U.S. President Donald Trump officially increased tariffs on all steel and aluminum imports to 25 per cent on Wednesday, promising that the taxes would help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. Trump removed all exemptions from his 2018 tariffs on the metals, in addition to increasing the tariffs on...