Lock the White House Watch Newsletter for free
Your Guide to What Trump’s Second Season Means Washington, Business and World
Donald Trump said he will double tariffs on steel imports of 25-50% in the latest escalation of the world trade war.
The US President announced a new taxation during a rally at a steel factory in Pennsylvania. He welcomed Nippon Steel’s $15 billion deal to enter a “partnership” with US Steel.
“We bring that to 25% to 50%. This is a tariff on steel on the US, making the steel industry even safer,” he told the West Mifflin crowd. “No one is going to get around that.”
Trump imposed a 25% tariff on steel and aluminum products imported to the US earlier this year, one of the first broadsides of his world trade war.
This is a developing story
