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Trump doubles steel tariffs amid Nippon Steel bid for U.S. Steel
President Trump announced a 50 percent tariff increase on steel imports and a 50 percent aluminum tariff, with both to take effect Wednesday. He spoke at U.S. Steel’s Mon Valley Works Irvin Plant about a so called partial ownership deal with Nippon Steel and emphasized keeping U.S. Steel American. The move aims to bolster domestic steel production, though it risks higher prices for steel used in housing autos and other goods.
MENTIONED IN THIS ARTICLE
West Mifflin
Donald Trump
Pennsylvania
Truth
Trump
U.S. Steel
Mon Valley Works
Irvin
U.S
United States
Europe
China
U.S. Commerce Department
Canada
Brazil
Mexico
South Korea
Nippon Steel
United Steelworkers Union
David McCall
White House
Nippon
Indiana
Alabama
Arkansas
Minnesota
Clifford Hammonds