President Trump said tariffs on imported steel would go to 50% from 25%. That has investors excited early Monday.

U.S. President Donald Trump does it again. In a bid to protect American industry, he has doubled down, literally, on his favorite economic weapon — tariffs. Effective today, the United States has raised import duties on steel and aluminum from 25% to 50%,

President Donald Trump’s turbulent tariffs are projected to cause a sharper slowdown in economic growth in the U.S. than expected.