Trump Doubles Down: Steel Tariffs to Surge to 50%

On May 30, 2025, at a U.S. Steel plant in Pennsylvania, former President Trump announced a hike in steel import tariffs from 25% to 50% to bolster the U.S. Steel-Nippon Steel deal.

This could strengthen American industry but risks trade tensions and higher prices.

Why it matters: A robust steel sector fuels jobs and economic resilience.

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[Source: Bloomberg]