The impact from U.S. President Donald Trump's plan to increase tariffs on steel and aluminium products is likely to be "minor" as India does not export steel to the U.S. "in a big way", federal steel minister HD Kumaraswamy said on Monday.

Asia stock markets trade in red on Monday, followed President Trump's announcement on Friday of plans to raise steel import tariffs from 25% to 50%, effective Wednesday, framing it as a step to reduce reliance on China.

President Trump’s plan to double tariffs on foreign steel and aluminum could have sweeping effects on projects across Maryland.

The U.S. dollar fell against other major currencies on Monday, giving up some of the previous week's gains, as markets weighed the outlook for President Donald Trump's tariff policy and its potential to constrict growth and unleash inflation.

Canada’s steel industry warned of “catastrophic” job losses, factory slowdowns and supply chain disruption after US President Donald Trump doubled tariffs on imports to 50 per cent.

Hours after Elon Musk's farewell ceremony in the Oval Office, a U.S. appeals court denied the Trump administration's request to resume mass firings of federal employees. Meanwhile, President Trump returned to a key battleground state for a rally after declaring new steel tariffs and announcing a deal with Japan's Nippon Steel.

An Ohio Congressman visited one of the last steel making mills in the Ohio Valley 7News got to go behind the scenes at the JSW Steel plant in Mingo Junction,