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

News Snapshot:

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...