A worker at the Cleveland Cliffs Cleveland Works steel mill facility in Cleveland, Ohio.
Mandatory Credit: Dustin Franz/Bloomberg/Getty Images via CNN Newsource
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The Trump administration just doubled the tariffs on steel and aluminum imports. Here’s what that means
US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers.
