In a bold move that has sent shockwaves through the global economy, President Trump announced yesterday his decision to impose hefty tariffs on steel and aluminum imports. The move, which aims to protect American industries, has sparked fears of a trade war with major trading partners such as China and the EU.

According to reports, the tariffs will be set at 25% for steel imports and 10% for aluminum imports, a move that has been met with criticism from both domestic and international stakeholders. While Trump has justified the tariffs as a necessary measure to safeguard American jobs, many economists argue that they will only serve to harm the economy in the long run.

In response to Trump's announcement, the UK has rushed forward plans for a £25bn investment in steel production, a move aimed at offsetting the impact of the tariffs on the country's steel industry. The decision underscores the ripple effects of Trump's tariffs, which are already reshaping global trade dynamics.

As the world braces for the fallout from Trump's latest policy decision, uncertainty looms over the future of global trade relations. Only time will tell how Trump's tariffs will impact the global economy and the lives of millions of workers around the world.