President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.

Trump's action to bulk up protections for American steel and aluminum producers restores effective global tariffs of 25% on all imports of the metals.

President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. He has promised that the taxes will 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.

President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices and isn’t ruling out the possibility of a recession this year.

With each day, evidence is mounting across the corporate world that the chaotic implementation of U.S. President Donald Trump's tariffs is translating into caution on Main Street. The uncertainty brought by Trump's threats of tariffs and his shape-shifting trade policies is starting to have a chilling effect across many industries,

CODDLING America’s steel industry has long been a policy of presidents from both sides of the political aisle. Donald Trump, in that respect, is not unusual. Yet no recent predecessor has been as aggressive in wielding tariffs to that end.

Trump announced on Tuesday morning that he would double tariffs on Canadian imports from 25% to 50%. However, with this backtrack, the tariff rate for Canadian imports will remain at 25%.

While White House press secretary Karoline Leavitt sounded sure that tariffs wouldn't hurt Americans, most economists believe they'll end up costing consumers more.