US to Double Steel Tariffs, Trump Says
President Donald Trump said May 30 he plans to double tariffs on imported steel to 50%. “We’re going to bring it from 25% to 50% -- the tariffs on steel into the United States of America -- which will even further secure the steel industry in the United States," Trump said at a U.S. Steel facility in Pennsylvania. "Nobody’s going to get around that." He didn't say when the new duties will take effect.
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Trump said he was at first considering a 40% duty rate, but eventually settled on 50%. "We don't want America's future to be built with shoddy steel from Shanghai," he said. "We want it built with the strength and the pride of Pittsburgh."