00:00The U.S. has doubled tariffs on most imported steel and aluminum from 25 to 50 percent as part of a broader push to protect domestic producers and address concerns about unfair trade.
00:11President Donald Trump issued the change through an executive proclamation with the U.K. exempt due to a pending trade deal, while countries like Canada and Mexico are pushing for similar treatment.
00:21The move has already driven up U.S. metal prices, sparking concern among manufacturers who rely on affordable imports and now face rising costs.
00:30Global trade partners, including Japan, have criticized the decision, warning it could disrupt supply chains and create even more economic friction.
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