Trump doubles steel tariffs to 50% in 'major announcement'

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Trump doubles steel tariffs to 50% in 'major announcement' | CNN Business

//business-finance.news-articles.net/content/202 .. fs-to-50-in-major-announcement-cnn-business.html

Published in Business and Finance on Monday, June 2nd 2025 at 5:40 GMT by CNN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

President Donald Trump announced Friday that he would set tariffs on steel imported into the United States at 50%, double their current rate.

2025-06-02 312 x 176 / 70771 Bytes

On May 30, 2025, former President Donald Trump announced a new policy proposal to impose a 50% tariff on imported steel if he were to be elected again, aiming to protect American steel manufacturers and jobs. This announcement, made during a campaign rally in Pittsburgh, Pennsylvania, a key steel-producing region, underscores Trump's ongoing commitment to the steel industry, which he claims has been unfairly treated by global trade practices. The proposed tariff is significantly higher than the 25% tariff he implemented during his presidency, and it has sparked a range of reactions from industry stakeholders, with some praising the move for potential job growth and others expressing concerns about increased costs and possible trade retaliations from other countries.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/30/business/trump-announces-50-percent-steel-tariff ]