
World Business Report
Trump signs order hiking steel tariffs
June 3, 2025
26 minutes
Available for 27 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.