In his first term, similar tariffs reduced U.S. production in industries that consume steel and aluminum by more than they increased U.S. production of the metals.

He later threatened Denmark with tariffs if they did not give up control of Greenland. However, since the inauguration he has balked on his threats, refusing to give a clear timeline for tariffs on China while pledging to place tariffs on Canada and Mexico by Feb.

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.

President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost.

President Donald Trump has ordered a 25% import tax on all steel and aluminium entering the US in a major expansion of existing trade barriers. The tariffs, which will increase the costs of importing the metals into the US,

President Donald Trump signed an order Monday to impose a 25% tariff on all steel and aluminum imports to the United States.

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

President Donald Trump has said he will announce a 25% import tax on all steel and aluminium entering the US, a move that will have the biggest impact in Canada. Trump also said that there would be an announcement later in the week about reciprocal tariffs on all countries that tax imports from the US,