Tariffs on steel and aluminum are doubling to 50 percent Wednesday, adding higher costs and new uncertainty for businesses across the country that rely on metal imports for machinery, construction and manufacturing.
In the order doubling the tariffs, which said it would take effect at 12:01 a.m. ET, President Donald Trump claimed the higher levies "will provide greater support to these industries and reduce or eliminate the national security threat posed by imports of steel and aluminum articles and their derivative articles."
But for American companies that rely on specialized metals that are not available domestically, the order set off a fresh scramble to raise prices and rethink hiring and investment.
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