In a bold move aimed at bolstering domestic industry, U.S. President Donald Trump has announced that tariffs on steel and aluminum imports will be doubled from 25% to 50%, effective Wednesday, June 4. Speaking at a rally in Pennsylvania, Trump emphasized that the increased tariffs would protect American steelworkers and ensure the survival of the U.S. steel industry.
Trump also highlighted a planned partnership between U.S. Steel and Japan’s Nippon Steel, which he claims will bring significant investment into American steel production. However, details of the deal remain unclear, and concerns persist among labor unions regarding its impact on workers.
The tariff hike is the latest in Trump’s aggressive trade policies since returning to office in January. While supporters argue that such measures safeguard American jobs, critics warn that they could escalate trade tensions and drive up costs for industries reliant on imported metals.
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