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This is a temporary tariff intended to curb the increasing imports of cheap steel from countries like China in order to protect the domestic industry.

The kingdom and its sovereign fund pull back on splashy global bets to focus on domestic returns as war and realities reshape priorities
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
The war in West Asia offers a preview of how India’s next conflict could unfold—fast, multi-domain, drone-saturated and under a nuclear shadow. New Delhi must learn quickly.