$BTC President Trump's latest tariff update involves increasing Section 232 tariffs on steel and aluminum imports to 50% from 25%, effective June 4, 2025. However, imports from the United Kingdom will remain at 25% until July 9, 2025, pending the status of the U.S.-UK Economic Prosperity Deal. The tariffs aim to protect America's critical steel and aluminum industries, which have been harmed by unfair trade practices and global excess capacity. Trump is also cracking down on false import declarations, requiring strict reporting of steel and aluminum content with tough penalties for violators.