Trump doubles steel tariffs to 50%

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Trump doubles steel tariffs to 50%

//business-finance.news-articles.net/content/2025/05/30/trump-doubles-steel-tariffs-to-50.html

Published in Business and Finance on Friday, May 30th 2025 at 20:20 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Trump said U.S. Steel will stay an American company under a deal for Japan-based Nippon to invest in the iconic American steelmaker.

2025-05-30 312 x 156 / 79380 Bytes

On May 30, 2025, former President Donald Trump announced plans to double tariffs on steel imports if re-elected, aiming to protect the U.S. steel industry and create jobs, according to a report by Fortune. Trump's proposal would increase the current 25% tariff to 50%, a move intended to counteract what he describes as unfair trade practices by countries like China. Critics argue that higher tariffs could lead to increased costs for American manufacturers and consumers, potentially sparking retaliatory measures from trading partners and disrupting global supply chains. The announcement comes amidst ongoing debates about trade policy and its impact on the domestic economy.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/30/trump-doubles-steel-tariffs/ ]