Trump announces 50% steel tariffs and hails 'blockbuster' deal with Japan

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Donald Trump announced he was doubling foreign tariffs on steel imports to 50%, as he celebrated a "blockbuster" agreement for Japan-based Nippon Steel's to invest in US Steel during a rally in Pennsylvania. Surrounded by men in orange hardhats, Trump unveiled the tariff rate increase as he spoke at a US Steel plant in West Mifflin, declaring that the dramatic hike would "even further secure the steel industry in the United States". "Nobody is going to get around that," Trump said, of the tariff rate hike from what was 25%. The announcement comes a day after a federal appeals court…