On March 12, all steel imports will be taxed at a minimum of 25%, the result of two orders the president signed Monday that also include a 25% tariff on aluminum. That could have a serious impact on domestic automakers including Ford,

Near the top of an official "fact sheet" distributed by the White House on Tuesday morning, the Trump administration makes clear its rationale for imposing new tariffs on steel and aluminum imports.

India's smaller steelmakers could be forced out of business by a further surge in imports resulting from sharp tariff increases imposed by U.S. President Donald Trump, industry executives warned on Monday.