US EditionTrump tells US steelworkers he’s going to double tariffs on foreign steel from 25% to 50%
- On Friday at a U.S. Steel plant in West Mifflin, Pennsylvania, President Donald Trump announced that the tariffs on imported steel and aluminum will be increased to 50%, doubling their previous rates, with the new duties set to take effect on June 4.
- Trump's decision follows the initial 25% steel tariff imposed in 2018 under Section 232, which aimed to protect the domestic industry citing national security concerns but faced criticism for raising costs.
- Trump highlighted a recent deal allowing Japan’s Nippon Steel to acquire partial ownership of U.S. Steel, which he supports as a move to preserve American control and revitalize manufacturing.
- Steel prices have risen 16% since Trump took office, with U.S. Steel costing $984 per metric ton in March 2025, compared to $690 in Europe, reflecting sustained tariff-driven market changes.
- The tariff increase aims to strengthen U.S. Steel producers and protect jobs, but could also raise prices for industries reliant on metal, while the Nippon deal remains under review amid union skepticism.
205 Articles
205 Articles
News24 | Market fall-out as Trump doubles steel, aluminium tariffs
Shares in South Korean and Vietnamese steelmakers, major Asian exporters of the metal to the United States, dropped on Monday after US President Donald Trump said he would double tariffs on imported steel and aluminium to 50%.
Australia’s BlueScope surges on Trump’s plan to double tariffs on steel imports
By Nikita Maria Jino (Reuters) -Shares of Australian steel producer BlueScope Steel jumped on Monday to a more than three-month high after U.S. President Donald Trump said he planned to double tariffs on imported steel. Shares of BlueScope, which operates five businesses in North America including the North Star mill in Ohio, were up as much as 9.4% at A$24.88 in early trade. The stock was among the top performers in the broader ASX 200 benchmar…
Sydney Morning Herald
Why did Trump double his steel tariffs? Because he could
With Supreme court shutting down some of the Trump administration’s reciprocal tariffs on steel and aluminium, the desire to remind everyone who is in charge may well be all Trump needed for Friday’s announcement that he was doubling the tariffs
Coverage Details
Bias Distribution
- 40% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
