President Donald Trump plans to raise almost all his tariffs on foreign steel and aluminum on Wednesday.
Foreign-made steel and aluminum are used in household products like soup cans and paper clips, stainless-steel refrigerators, and cars.
Here’s what you need to know.
Why is Trump increasing tariffs on steel and aluminum?
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President Donald Trump claims it's about protecting U.S. industries. Trump repeated that stance last Friday, when he first announced the 50% tariff during a visit with steelworkers in Pennsylvania, where he also discussed a "planned partnership" between U.S. Steel and Japan’s Nippon Steel.
The Associated Press reported that Trump also said Tuesday that the higher tariffs would ensure that imported steel and aluminum would "not threaten to impair the na