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Trump tells US steelworkers he’s going to double tariffs on foreign steel from 25% to 50%
WEST MIFFLIN, PENNSYLVANIA, UNITED STATES, MAY 30 – President Trump raised steel tariffs from 25% to 50% to protect U.S. steelworkers and industry amid a $14 billion investment deal between Nippon Steel and U.S. Steel.
- 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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Coverage Details
Total News Sources307
Leaning Left79Leaning Right41Center61Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 34%
R 23%
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