Donald Trump announced a significant increase in tariffs on steel imports to 50% during a rally at a US Steel plant, celebrating Nippon Steel's investment in US Steel. While he touted the hike as a means to fortify the steel industry, concerns arose from the United Steelworkers union about the effects of this foreign partnership on national security. Trump's announcement also affected aluminum tariffs, with changes starting June 4. A federal court's recent decision temporarily upheld these tariffs, maintaining their contentious status amidst ongoing trade negotiations.
Trump stated that doubling tariffs on steel imports to 50% would further secure the US steel industry, declaring that nobody would circumvent this hike.
After announcing the tariffs, Trump noted that this increase would also apply to aluminum, effective June 4, boosting prospects for American workers.
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