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cost steel importsCNBC
•World
World
74% Informative
U.S. President Donald Trump announced on Friday that he will hike tariffs on steel imports from 25% to 50% on Wednesday .
Steel prices are set to climb further as a result of the higher tariff rate expected to come into effect this week .
But some buyers and some manufacturers could benefit from lower prices in Europe , analysts say.
"These tariffs are at such a high level and in the U.S. they will affect a massive community of manufacturers which make a huge contribution to GDP and employment, so there will be lobbying on this." — CNBC 's Ganesh Rao contributed to this story..
VR Score
84
Informative language
89
Neutral language
54
Article tone
formal
Language
English
Language complexity
57
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Hate speech
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Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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