Trump Doubles Steel Tariffs to Boost U.S. Industry, Backs Nippon-U.S. Steel Deal

Donald Trump announced a hike in steel tariffs from 25% to 50%, effective June 4, aiming to protect U.S. steel jobs and industries. Speaking in Pennsylvania, he endorsed Nippon Steel’s $14.9B deal with U.S. Steel, promising major investments, job security, and continued American ownership amid rising trade tensions.