Day: February 11, 2025

U.S. President Donald Trump’s 25% tariffs on steel and aluminium sent gold to record highs on worries of widening trade conflict and inflation, while some countries held out hope for negotiations and Chinese steel firm shares came under pressure.

As Donald Trump rushes beyond the bounds of his authority to dismantle the U.S. government, courts are quickly catching up and putting his actions on hold. But, Rachel Maddow points out, whether he heeds the authority of the courts or decides to openly defy court orders will show whether or not the U.S. has ceased to be a democracy.

US steel suppliers have just over a month to decide how to respond before the new tariffs take effect.