The levies were seen as more aggressive than expected, with a 10 percent duty on all exports to the US and even higher rates on about 60 nations.

Steel and aluminum are essential for high-rise construction, and are often cheaper to produce in countries like China, Mexico or Canada, one expert said.

PC vendors initially believed the 25% tariff applied only to raw aluminum and steel, but the policy also extends to finished products

PC vendors say they thought the 25% tariff was on raw aluminum and steel, not finished products. Unfortunately, the policy also targets aluminum 'derivative' products.

President Donald Trump’s tariffs on steel and aluminum imports are driving up the costs of some of manufacturing's smallest components, including screws, nails and bolts, The Wall Street Journal reported Sunday.

President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with

While President Trump called Wednesday's impending tariffs announcement a "liberation day" for the nation, American consumers hold their breath to see how expensive good will become.

Europe has “a strong plan” for striking back at the United States in response to Donald Trump’s tariff hikes “if necessary,” a top official said Tuesday on the eve of a long-anticipated announcement of massive import levies by the US president.