More US tariffs will apply to a bevy of household appliances made in Mexico, according to a US Commerce Department notice.

The United States and Mexico are negotiating a deal to reduce or eliminate President Donald Trump's 50% steel tariffs on imports up to a certain volume, industry and trade sources said on Tuesday.

Things are only getting worse with the Trump administration’s on-again, off-again trade war. Steel kegs aren’t manufactured in the U.S. They’re imported, mostly from China and Europe. That makes them subject to import taxes as President Trump seeks to upend the global trading order.

A casket maker in Magog, Que., is the only one in Canada to make coffins out of steel. The 50 per cent tariff is hurting business.

Already operating on tight margins and facing growing competition, brewers are loath to raise prices even as the cost of materials ratchets up.

The Consumer Brands Association also warned 20,000 U.S. food manufacturing jobs could be endangered if more costly products cause a drop in sales.

British Prime Minister Keir Starmer and Trump on May 8 agreed to reduce tariffs on UK imports of cars and steel to the U.S., with Britain agreeing to lower tariffs on beef and ethanol, but implementation of the deal has been delayed.

Key Takeaways The S&P 500 slipped 0.3% on Wednesday, June 11, as investors weighed softer-than-expected inflation data and progress on U.S.-China trade talks.Shares of Nucor and other steelmakers lost ground following reports that the U.