U.S. President Donald Trump on Friday (May 30, 2025) stated he deliberate to improve tariffs on overseas imports of steel from 25% to 50%, ratcheting up stress on world steel producers and vowing to deepen his commerce struggle.
“We are going to be imposing a 25% increase. We’re going to bring it from 25% to 50% the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States,” he stated at a rally in Pennsylvania.
In February Mr. Trump raised steel and aluminium tariffs to a flat 25% “without exceptions or exemptions” in one in every of his first strikes to help the struggling industries.
The tariffs would apply to hundreds of thousands of tons of steel and aluminum imports from Canada, Brazil, Mexico, South Korea and different nations that had been coming into the U.S. responsibility free.
Published – May 31, 2025 04:58 am IST
