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.

U.S. President Donald Trump said on Friday he planned to double tariffs on steel and aluminium imports to 50% from 25%, starting from Wednesday, ratcheting up pressure on global producers and deepening his trade war.

President Donald Trump travels to Pittsburgh Friday to celebrate a deal he once vowed to oppose - Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel.

National Economic Council director Kevin Hassett told ABC's "This Week" that President Trump is focused on ensuring the U.S. has a domestic steel industry capable of supplying its needs "China is dumping of steel not just because they love us and they want to give us nice steel,

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

Mr. Trump celebrated what he calls a partnership between U.S. Steel and Japan-based Nippon on Friday, sharing details about commitments in the partnership and increased tariffs on imported steel.

Trump Celebrates The Deal Between U.S. Steel And Nippon Steel: It Will Stay ‘Controlled By The USA’ During Friday’s dialogue in Singapore, Defense Sec. Pete Hegseth discussed the U.S. Steel deal with Japan's Nippon Steel.

Leaders, members of the community and steelworkers packed into U.S. Steel's Irvin Works in West Mifflin on Friday to hear from Mr. Trump, who announced last week that U.S. Steel and Nippon Steel will enter into a "planned partnership.