Trump announces 50% tariffs on steel and aluminium


Source: irishtimes.com irishtimes.com

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US president Donald Trump at a rally at the US Steel plant in Pennsylvania, where he unveiled the new tariffs. Photograph: Saul Loeb/Getty Images Donald Trump announced on Friday he was doubling foreign tariffs on steel imports to 50 per cent, as the US president celebrated a “blockbuster” agreement for Japan-based Nippon Steel to invest in US Steel during a rally in Pennsylvania. Surrounded by men in orange hardhats at a US Steel plant in West Mifflin, Mr Trump unveiled the new levies, declaring that the dramatic rate increase would “even further secure the steel industry in the United States”....