President Donald Trump is using his love of tariffs to threaten high-profile American companies. Over the past month, Trump has said he’d like to target two specific and very different companies – Apple and Mattel – with tariffs aimed at their key products over comments by their CEOs.

India's engineering exports face significant headwinds as the US prepares to impose a 50% tariff on steel and aluminium imports, effective June 4, 2025. This move, doubling existing duties, threatens approximately $5 billion in annual exports,

Donald Trump's proposed 50% tariff on steel and aluminium imports threatens India's engineering goods' shipments, potentially impacting USD 5 billion worth of exports. The existing 25% tariff has already intensified global competition.

As former US President Donald Trump imposes 50 per cent tariffs on steel and aluminium from 4 June, New Delhi should leverage ongoing FTA talks rather than escalate trade tensions, advises the Global Trade Research Initiative (GTRI).

The president's plan - where countries face between 11% to more than 100% tariffs on goods brought into the US - was announced in April. But the majority of the tariffs were paused by Trump for 90 days in the wake of stock market volatility.

Wells Fargo's Christopher Harvey thinks a 10% tariff could be split evenly between importers, corporations, and consumers.

Steel companies in South Korea and Vietnam faced big losses on Monday after U.S. President Donald Trump announced he would double tariffs on steel and aluminium imports to 50%. These new tariffs are set to start on June 4 and come as part of an escalating global trade conflict.

Asia stock markets trade in red on Monday, followed President Trump's announcement on Friday of plans to raise steel import tariffs from 25% to 50%, effective Wednesday, framing it as a step to reduce reliance on China.