Steel turns out to be a helpful use case for the effects of tariffs. The U.S. companies who produce steel, for example, will undoubtedly be among the winners. They will win by selling more steel at higher prices, thus bringing in more revenue and profit.

The tariffs promised by U.S. President-elect Donald Trump would upend international trade but may ultimately have a "minor impact" on inflation, European Central Bank policymaker Joachim Nagel said. Trump made tariffs a key element of his pitch to voters,

Donald Trump’s advisers have sought assurances from the top candidates to be Treasury secretary that they are committed to his sweeping tariffs plans, people familiar with the discussions said. The pressure from Trump’s circle comes as Scott Bessent,