Yesterday, June 3, US President Donald Trump signed an order to increase tariffs from 25 percent to 50 percent on steel and aluminum imports into the US, according to a statement published by White House.

The higher tariff will be effective as of June 4, 2025. Trump stated that the measures are intended to secure the future of the US steel industry, ending unfair trade practices and the global dumping of steel and aluminum.

In addition, tariffs on steel and aluminum imports from the UK will remain at 25 percent, with possible changes or quotas starting from July 9, 2025, depending on the status of the US-UK Economic Prosperity Deal signed on May 8.