WEST MIFFLIN, Pa.–President Donald Trump announced May 30 that tariffs are doubling to 50 percent for all steel imported into the United States.
He revealed the policy change during a rally held at the U.S. Steel Corporation’s Irvin Works plant in the Mon Valley in Western Pennsylvania to celebrate the newly announced partnership with Japan’s Nippon Steel.
The president said tariffs on imports of foreign steel will increase to 50 percent from 25 percent. The higher rate will take effect next week, the White House said in a social media post.
Trump said the tariff increase will “even further secure the steel industry in the United States.”…