Trump doubles steel tariffs to 50% amid U.S.-Japan steel deal
TL;DR Summary
President Donald Trump announced he will double the steel import tariffs from 25% to 50%, aiming to protect American steelworkers and boost the US steel industry, while also approving a deal for Nippon Steel to buy a controlling stake in US Steel. The move follows previous tariffs and aims to secure the industry amid concerns over foreign competition and national security.
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- Trump will hold a rally at U.S. Steel as investors seek clarity on Nippon deal. Here’s what we know CNBC
- Trump says US will lift steel tariffs to 50 percent at Pennsylvania rally Al Jazeera
- Trump administration live updates: President raises steel tariff; PBS sues administration NBC News
- Trump to Raise Steel Tariffs to 50% to Help Nippon-US Steel Deal Bloomberg.com
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