The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products.

The department said 407 product categories are being added to the list of "derivative" steel and aluminum products covered by sectoral tariffs, with a 50 per cent tariff on any steel and aluminum content of these products plus the country rate on the non-steel and non-aluminum content.

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Evercore ISI — an American research department — said in a research note the move covers more than 400 product codes representing over $200 billion US in impor

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