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US tariffs: Steel and aluminium levies slapped on key allies

US tariffs: Steel and aluminium levies slapped on key allies

Business
The US is to impose tariffs on steel and aluminium imports from key allies in Europe and North America.The US said a 25% tax on steel and 10% tax on aluminium from the EU, Mexico and Canada will start at midnight.The move immediately triggered vows of retaliation from Mexico, Canada and the EU, which called the tariffs "protectionism, pure and simple". The UK said it was "deeply disappointed" by the US decision, which followed weeks of negotiations.The tariffs will hit products such as plated steel, slabs, coil, rolls of aluminium, and tubes, raw materials which are used extensively across US manufacturing, construction, and the oil industry.EU trade commissioner Cecilia Malmstrom said it was a "bad day for world trade", while Eu...