Asian stocks mostly declined as Trump imposes 25% tariffs on steel and aluminum imports. Hong Kong's Hang Seng fell 1.06%, while Shanghai Composite dipped 0.12%. Markets react to trade tensions.

Economists call tariffs a type of consumption tax. But though businesses pay the tariff on imported goods, increased costs are shifted to consumers.

Live updates and the latest news as Trump prepares to impose reciprocal tariffs and his intelligence chief nominee Tulsi ...

“If company managements decide to absorb the higher input costs, then profit margins would be squeezed. If companies pass ...

Trump did pretty much the same with steel and aluminum tariffs during his first term. But they took a toll last time, ...

European Union chief Ursula von der Leyen vowed that U.S. tariffs on steel and aluminum "will not go unanswered," adding that they will trigger tough countermeasures from the 27-nation bloc.

European Union chief Ursula von der Leyen vowed on Tuesday that U.S. tariffs on steel and aluminum ''will not go unanswered,'' adding that they will trigger tough countermeasures from the 27-nation ...

Prime Minister Justin Trudeau says Ottawa will work to convince U.S. President Donald Trump that his steel and aluminum ...

The new 25 percent tariffs on steel and aluminum, directed mainly at China, are partially worthwhile, but were undercut by allowing Nippon Steel to buy into U.S. Steel.

The European Union plans to retaliate against the United States for new steel and aluminum tariffs. "Unjustified tariffs on ...

The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed ...