Donald Trump has hinted that the UK will know “pretty soon” whether or not tariffs on steel will increase to 50%.The president said the US wants to “make our own steel” when he faced questions from journalists on Monday.

More to do’ on US steel tariffs than Trump and PM can resolve, minister signals - The Prime Minister will attempt to hammer out a deal on steel, and press for action on Gaza when he meets the US president in Scotland.

Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.

Ontario Premier Doug Ford is continuing to call on the federal government to match U.S. tariffs on Canadian goods “dollar for dollar,” if a new trade deal isn’t reached by a Friday deadline, telling reporters that any response should also include an identical 50 per cent levy on U.

Two major domestic producers — Steel Dynamics and Cleveland-Cliffs — substantially raised the price per ton they charge customers in the second quarter, according to The New York Times. All told, domestic steel producers have jacked up prices by 16% this year.

Some commodities have also been subject to individual tariffs. Trump recently announced a 50% tariff on copper imports, effective from 1 August. Steel and aluminium imports are already subject to a 50% tariff from most countries, though in the UK’s case this is 25%.

Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.

Steel Dynamics navigates short-term challenges with tariff support, a strong backlog, and share buybacks, offering 11% return potential. See more on STLD here.

Tariffs on steel and other supplies will increase costs for Milwaukee-based A.O. Smith Corp. the balance of this year: Here's what that means for the bottom line.

Independent Can Co. has raised prices twice this year already after Trump imposed 25% duties on steel in March and then doubled them in June.