USA Times

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Trump Doubles U.S. Steel Tariffs to 50% in Bold Trade Move




Trump Announces Doubling of Steel Tariffs to 50%

June 2, 2025 | Washington, D.C.

Former U.S. President Donald Trump has declared a major change in trade policy by announcing the doubling of tariffs on imported steel—from 25% to 50%. The decision, which Trump says is aimed at protecting American manufacturing and steel jobs, is expected to spark renewed global trade tensions.

Speaking at a rally in Ohio, Trump stated, "For too long, our steel industry has been under attack from cheap imports. It's time to stand up for American workers."

The move has drawn mixed reactions. Supporters see it as a bold step to revive domestic production, while critics argue it could increase costs for U.S. industries that rely on steel, such as construction and automotive sectors.

Global markets showed signs of volatility following the announcement, with some of America’s key trade partners expected to respond with retaliatory measures.

This tariff increase comes at a time when trade relations between the U.S. and several countries, including China and the European Union, remain fragile.

Further details on the implementation timeline and specific countries affected by the tariff hike are yet to be disclosed.

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