News

US doubles steel, aluminium tariffs as trading partners respond

US doubles tariffs on steel and aluminium imports as trading partners face deadline for ‘best offers’ to avoid more levies.

Published

9 months ago

June 4, 2025

ticker NEWS

US doubles tariffs on steel and aluminium imports as trading partners face deadline for ‘best offers’ to avoid more levies.

In Short:
The U.S. has imposed a 50% tariff on steel and aluminium imports, affecting global trade and prompting European businesses and officials to seek action against these measures. While the UK is exempt from the new tariffs until July 9, increased costs are disrupting markets and prompting negotiations from countries like Canada and Mexico.

Washington has doubled tariffs on steel and aluminium imports to 50%, effective immediately. This change coincides with the deadline for trading partners to submit their “best offers” to avoid additional tariffs.

European businesses urged the European Commission to act against these tariffs.

Maros Sefcovic of the EU had a meeting with U.S. Trade Representative Jamieson Greer but provided no specifics on the discussions.

President Trump’s administration highlighted the need for increased tariffs after recognising the necessity for more significant support for the domestic steel industry.

The new tariffs apply to all partners except for the UK, which maintains a rate of 25% until at least July 9.

Aluminium market

Increased tariffs have significantly impacted the aluminium market, with prices spiking recently.

The deadline also prompts countries to propose terms that may prevent heavier tariffs from being enacted in the coming weeks.

Currently, uncertainty around U.S. trade policy is causing disruptions for global businesses, particularly in Europe.

Major companies have reported scaling back plans due to the uncertain tariff landscape.

The U.S. heavily relies on steel imports, particularly from Canada and Mexico, which will likely face the brunt of these increased tariffs.

News

Man shot dead after breaching security at Mar a Lago

Man in 20s dies after breaching Mar-a-Lago, armed; Secret Service opened fire, citing no immediate danger inside.

Published

3 hours ago

February 23, 2026

Harvey Vargas

Man in 20s dies after breaching Mar-a-Lago, armed; Secret Service opened fire, citing no immediate danger inside.

A man in his early 20s has been shot and killed after breaching the secure perimeter at President Trump’s Mar a Lago residence in Florida, according to the Secret Service. Officials say the president and first lady Melania Trump were in Washington DC at the time of the incident.

Authorities report the man was armed with a shotgun and a petrol canister when he approached the north gate. He was confronted by a sheriff’s deputy and two Secret Service agents who ordered him to drop the items before the situation rapidly escalated.

After putting down the petrol can, the man allegedly pointed the shotgun at officers, who then opened fire. Law enforcement says there was no immediate danger to anyone inside the property.

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News

Iran signals nuclear concessions as U.S. talks intensify

Iran may concede on its nuclear program for US recognition and sanctions relief, considering uranium exports and oil sector investments.

Published

3 hours ago

February 23, 2026

Harvey Vargas

Iran may concede on its nuclear program for US recognition and sanctions relief, considering uranium exports and oil sector investments.

Iran is signalling it’s prepared to make concessions on its nuclear programme in exchange for U.S. recognition and sanctions relief, as fresh talks between Iran and the United States reveal deep divisions but renewed diplomatic momentum.

Tehran is reportedly considering sending its highly enriched uranium abroad and even forming a regional enrichment consortium to keep negotiations alive and avoid military escalation. Officials say an interim agreement could still be within reach despite the sticking points.

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News

UK police seek former aides’ insights on Prince Andrew

UK police contact ex-protection officers of Prince Andrew amid misconduct investigation linked to Jeffrey Epstein allegations

Published

2 days ago

February 21, 2026

Ahron Young

UK police contact ex-protection officers of Prince Andrew amid misconduct investigation linked to Jeffrey Epstein allegations

In Short:
– Police seek former protection officers of Prince Andrew for info on alleged Epstein-related offences.
– Authorities consider removing Mountbatten-Windsor from royal succession after investigation conclusions.

British police are reaching out to former protection officers of Prince Andrew Mountbatten-Windsor following his recent arrest related to allegations of misconduct in a public office.

The police have urged anyone with information about potential sex offences connected to Jeffrey Epstein to come forward.Authorities are considering legislative measures to remove Mountbatten-Windsor from the royal succession line once the investigation concludes. Any changes would require consultation with other realms where King Charles is head of state.

The recent allegations stem from claims that Mountbatten-Windsor shared confidential government documents with Epstein during his time as a trade envoy. The London Metropolitan Police is now identifying former officers who may assist in the ongoing investigation and has encouraged them to share any pertinent information.

Mountbatten-Windsor has denied wrongdoing in the Epstein matter.

In 2022, he settled a civil lawsuit filed in the U.S. by Virginia Giuffre, who accused him of sexual abuse. Reports indicated he paid her approximately £12 million, a claim he denies.

Police Investigation

London authorities are reassessing previous decisions not to pursue criminal investigations related to Epstein’s activities.

Recent document releases from the U.S. government have prompted police to explore allegations of human trafficking involving Epstein at UK airports.

Police have been actively searching Mountbatten-Windsor’s residences as part of their investigation. His arrest marks an unprecedented event in modern royal history, raising significant public interest and concern in various countries.