US EditionTrump tells US steelworkers he’s going to double tariffs on foreign steel from 25% to 50%
- On Friday, May 30, 2025, at a steel plant in West Mifflin, Pa., President Donald Trump announced plans to increase tariffs on steel and aluminum from 25% to 50%.
- This tariff increase follows March's announcement imposing 25% tariffs and removing all exemptions, aiming to boost U.S. manufacturing under the America First agenda.
- Trump signed an executive order to double tariffs on steel and aluminum, leading to a sharp increase in U.S. metal stock prices and promoting an upcoming investment agreement involving a U.S. Steel plant and Japan's Nippon Steel.
- Trump’s commitment to support steelworkers was affirmed by his spokesperson, while market analysts responded by upgrading Nucor and highlighting possible trade retaliation effects.
- Canadian industries warned the tariffs could be devastating and urged Ottawa for support, suggesting possible trade tensions and effects on U.S. manufacturing demand.
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Trump signs off on US Steel-Nippon Steel merger, while doubling steel and aluminum tariffs
Throughout a rambling speech Friday, Trump repeatedly called steel crucial for a strong military and made clear that the tariffs were meant to restructure US industry to be able to fight China.
·United States
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Total News Sources307
Leaning Left68Leaning Right40Center58Last UpdatedBias Distribution41% Left
Bias Distribution
- 41% of the sources lean Left
41% Left
L 41%
C 35%
R 24%
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