Trump announces plans to double steel tariffs on imports to 50%

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Open this photo in gallery: U.S. President Donald Trump at a rally in Pittsburgh on Friday.Jeff Swensen/Getty Images U.S. President Donald Trump on Friday told Pennsylvania steelworkers he’s doubling the tariff on steel imports to 50% to protect their industry, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods. In a post later on his Truth Social platform, he added that aluminum tariffs would also be doubled to 50%. He said both tariff hikes would go into effect Wednesday. Trump spoke at U.S. Steel’s Mon Valley Works–Irvin Plant in...