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US to double tariffs on steel and aluminium imports to 50%, Trump says
President Donald Trump has announced the US will double its current tariff rate on steel and aluminium imports from 25% to 50%, starting on Wednesday. Speaking at a rally in Pittsburgh, Pennsylvania on Friday, Trump said the move would help boost the local steel industry and national supply, while reducing reliance on China. Trump also…
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Thousands of jobs at risk as British Steel announces plan to close blast furnaces
Thousands of jobs are in danger after British Steel revealed plans that threaten to close its two blast furnaces. Up to 2,700 roles are at risk as a consultation was launched by the UK’s second largest steel producer, days after the firm’s Chinese owners rejected a government subsidy valued at £500million. Trade unions have responded…