President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of ...

President Donald Trump said on Friday that he planned to increase tariffs on steel from 25% to 50%. The increase will "even further secure the steel industry in the United States," Trump said.

Economists warn that the latest tariffs will significantly squeeze the wallets of both companies and shoppers alike. Here’s what we know. What’s the tariff rate on imported steel and aluminum now?