The United States and Mexico are negotiating a deal to reduce or eliminate President Donald Trump's 50% steel tariffs on imports up to a certain volume, industry and trade sources said on Tuesday.

Steel kegs aren’t manufactured in the U.S. They’re imported, mostly from China and Europe, making them subject to import taxes.

A casket maker in Magog, Que., is the only one in Canada to make coffins out of steel. The 50 per cent tariff is hurting business.

Already operating on tight margins and facing growing competition, brewers are loath to raise prices even as the cost of materials ratchets up.

British Prime Minister Keir Starmer and Trump on May 8 agreed to reduce tariffs on UK imports of cars and steel to the U.S., with Britain agreeing to lower tariffs on beef and ethanol, but implementation of the deal has been delayed.

Key Takeaways The S&P 500 slipped 0.3% on Wednesday, June 11, as investors weighed softer-than-expected inflation data and progress on U.S.-China trade talks.Shares of Nucor and other steelmakers lost ground following reports that the U.

Canadian Industry Minister Melanie Joly said the government will soon announce measures to clamp down on steel dumping from foreign countries and help domestic manufacturers hit by punishing US tariffs.

The new 50% federal tariffs on steel and aluminum are increasing bicycle prices, affecting U.S. bike shops and consumers. USA, — New federal tariffs on imported steel and aluminum — now as high as 50% — are beginning to impact U.S. businesses and consumers, with bike shops among the first to feel the pinch.