President Donald Trump said Thursday that he’ll sign an order that increases U.S. tariffs to the rates other countries charge on imports. “TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!” Trump posted on his social media site,

Britain entered a rare deficit in its goods trade with the United States at the end of last year, according to data published on Thursday that London will hope bolsters its case against the imposition of new tariffs by President Donald Trump.

Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump's economic policy.

China's Iron and Steel Association said the 25% tariff increase on all steel and aluminum exports to the United States would have an adverse impact on the supply chain of the global steel industry, including China's steel industry,

The recent decision by the US to impose a 25% tariff increase on all steel and aluminum exports has sparked concerns within the global steel industry. China’s Iron and Steel Association has specifically voiced its apprehension,