Trump Boosts Steel Tariffs Amid US-Japan Deal and EU Concerns
TL;DR Summary
President Trump announced a doubling of steel and aluminum tariffs to 50% to protect US steel industry, while also discussing a potential deal with Japan's Nippon Steel to invest in US Steel, aiming to keep the company American-owned despite ongoing acquisition bids. The tariff increase could raise steel prices further, amid skepticism from the United Steelworkers union about the deal's implications for security and jobs.
- Trump Tries to Ease Workers' Minds on Nippon-US Steel Deal Newser
- Trump Pledges to Double Tariffs on Foreign Steel and Aluminum to 50% The New York Times
- Trump announces new steel tariffs, bonuses and no layoffs while touting U.S. Steel-Nippon deal in West Mifflin Pittsburgh Post-Gazette
- EU 'prepared to impose countermeasures' after Trump doubles steel tariffs to 50% CNBC
- Trump leaves US Steel deal details up in the air, but raises steel tariffs Axios
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 2 min read
Condensed
84%
400 → 65 words
Want the full story? Read the original article
Read on Newser