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World Business Report, Trump signs order hiking steel tariffs

World Business Report

Trump signs order hiking steel tariffs

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June 3, 2025

26 minutes

Available for 26 days

The global steel industry is again braced to be impacted by Donald Trump's implementation of a 50% tariff, which he vowed last week in front of a crowd of steel workers in Pennsylvania.

In South Korea, the liberal candidate, Lee Jae-myung, has been confirmed as the clear winner of the presidential election.

The Dutch government has collapsed after Geert Wilders withdrew his far-right party from the governing coalition following a row over proposed legislation to restrict migration. However, some business owners say the lack of a functioning government in the Netherlands is affecting their ability to do business because key issues are not being addressed.