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Trump tells US steelworkers he’s going to double tariffs on foreign steel from 25% to 50%

  • On May 30, 2025, President Donald Trump announced to steelworkers in West Mifflin, Pennsylvania, that he would raise tariffs on imported steel and aluminum to 50%, delivering his remarks at the U.S. Steel facility located in the Mon Valley Works area.
  • Initially opposing the acquisition attempt by Japan’s Nippon Steel of the American company U.S. Steel, Trump changed his position last week after a deal was reached that grants Nippon a stake while ensuring U.S. Steel remains American-controlled and headquartered in Pittsburgh.
  • The tariff increase aims to protect U.S. Manufacturing, especially steelworkers, amid concerns from unions about foreign ownership's effects on national security and local jobs, while the deal promises $14 billion in Nippon Steel investments.
  • Trump stated that doubling tariffs on imported steel would strengthen the U.S. Steel sector, while union leaders hailed Nippon Steel's investment as transformative for modernizing outdated facilities and expanding production capabilities.
  • The tariff hike and investment deal could increase metal prices but also reinforce the U.S. Steel sector's stability, reflecting Trump's priority on manufacturing revival and its political importance in swing states like Pennsylvania.
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Associated Press News broke the news in United States on Friday, May 30, 2025.
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