President Trump to Double Steel Tariffs to 50%

President Trump to Double Steel Tariffs to 50%

May 31, 2025

President Donald Trump declared his intentions to raise tariffs on steel imports from 25% to 50% on May 30, 2025. This move is set to heighten tensions with global steel producers and marks a significant escalation in the ongoing trade war. Trump emphasized the decision as vital to safeguarding the American steel industry, elaborating on his protectionist trade policies during a rally in Pennsylvania...

Read More at Thehindu

Tags: Donald trump, Steel tariffs, Trade war,

Clora Schroeder

Comments

Leave a reply

Your email address will not be published. Required fields are marked *