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Trump tells US steelworkers he’s going to double tariffs on foreign steel from 25% to 50%
- On May 30, 2025, at a U.S. Steel facility in West Mifflin, Pennsylvania, President Donald Trump announced an increase in duties on steel and aluminum imports from 25% to 50%.
- This increase builds on tariffs imposed in March 2025, which set duties at 25% after removing all exemptions, as part of Trump's 'America First' policy aiming to revive U.S. manufacturing.
- The executive order to raise duties will take effect on June 4, 2025, with Canadian industries calling these tariffs potentially devastating and seeking government support.
- The White House spokesperson confirmed that President Trump will uphold his commitment to steelworkers by implementing a 50% tariff, a move that prompted a strong premarket surge in steel stock prices.
- The tariff increase may weigh on U.S. steel demand amid high inventories and risks retaliatory measures or potential copper tariffs, though it supports plans for domestic industry growth and investment.
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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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Coverage Details
Total News Sources307
Leaning Left67Leaning Right40Center57Last UpdatedBias Distribution41% Left
Bias Distribution
- 41% of the sources lean Left
41% Left
L 41%
C 35%
R 24%
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