US President Donald Trump's decision to double tariffs on steel and aluminium imports to 50 per cent that took effect on Wednesday, June 4, is sending shocks across global metal markets, including Kenya.
On Wednesday, President Trump signed a policy order doubling tariffs on steel and aluminium imports, a move that pushes up import taxes on the metals, which are used in everything from cars to canned food.
According to Trump, the tariffs, which are already in effect, are aimed at securing the future of the American steel industry. ''Protecting our steel and aluminium industries is a must.
We are going to be imposing a 25 per cent increase.
