Trump Announces Doubling of Steel Import Tariffs to 50%

Reported 2 days ago

At a rally in Pennsylvania, President Trump declared that he will double tariffs on steel imports from 25% to 50%, claiming it will bolster the U.S. steel industry. He also criticized China for allegedly violating its trade agreement with the U.S. amid renewed tensions between the two countries. Trump's tariff agenda continues to face legal challenges, with a federal appeals court temporarily allowing the tariffs to remain in effect as the administration mounts a legal defense. Trade negotiations with India and the EU are reportedly ongoing despite these developments.

Source: YAHOO

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