Steel and aluminum tariffs trigger sharp stock market sell-off in US and Asia

Threat of a trade war with China led investors to sell off US manufacturers including Caterpillar and Boeing

• Anyone, anyone? What happened when the US last introduced tariffs

World stock markets have tumbled after Donald Trump said the United States would impose tariffs of 25% on steel imports and 10% on imported aluminum next week.

The threat of a trade war with China and higher goods prices led to a sharp sell-off in Wall Street on Thursday, causing Asian markets to take fright on Friday.

Related: Commerce department presses Trump to impose steep tariffs on overseas steel

Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world. We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART TRADE!