U.S. President Donald Trump on Friday (May 30, 2025) said he planned to increase tariffs on foreign imports of steel from 25% to 50%, ratcheting up pressure on global steel producers and vowing to deepen his trade war.
“We are going to be imposing a 25% increase. 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,” he said at a rally in Pennsylvania.
In February Mr. Trump raised steel and aluminium tariffs to a flat 25% “without exceptions or exemptions” in one of his first moves to aid the struggling industries.
The tariffs would apply to millions of tons of steel and aluminum imports from Canada, Brazil, Mexico, South Korea and other countries that had been entering the U.S. duty free.
Published – May 31, 2025 04:58 am IST
