BBC Verify looks at how big the impact on the UK could be and what might happen next. The value of the UK's raw steel and aluminium exports to the US in 2024 was around £470m. But it's important to note that these latest US tariffs - taxes on imports - also cover products made with steel and aluminium,

Increased tariffs on all U.S. steel and aluminium imports took effect on Wednesday, as Trump stepped up his campaign to reorder global trade in favour of the United States. Europe and Canada swiftly retaliated.

But U.S. investors should understand that U.S. stocks, right now at least, may not bring the greatest rewards. The reasons for this shift aren’t difficult to see. In the U.S., tariffs, trade war, federal budget battles,

The trade fight widened yesterday as the E.U. and Canada announced billions of dollars in retaliatory tariffs on U.S. exports, hours after President Trump’s levies on steel and aluminum imports took effect.

Canada's main stock index was flat on Wednesday as investors worried over the latest escalation in the trade war after Canada imposed retaliatory tariffs in response to U.S. levies on steel and aluminum imports kicking in.