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Donald Trump took markets and many of his own advisers by surprise last week by announcing plans to impose a tariff of 25 per cent on steel imports and a 10 per cent charge on aluminium entering the country. Photograph: Andrew Harrer-Pool/Getty Images

Resistance to the US president Donald Trump’s pledge to slap tariffs on steel and aluminium imports(...)

Rusal said it is continuing to seek agreement from its lenders to defer repayment dates and revise covenants on up to $4.75 billion of syndicated facilities and $400 million of syndicated facilities that would be combined into a single facility agreement. Photograph: Vincent Mundy/Bloomberg

Lenders to Russian aluminium giant Rusal have agreed not to take action against it on any(...)