U.S. President Donald Trump has announced that existing tariffs on steel and aluminum imports will be doubled—from 25% to 50%, with the new measure taking effect next Wednesday.
This decision is part of Trump’s protectionist economic policies, aimed at strengthening the domestic steel industry and reducing reliance on imports, particularly from China.
During a speech in Pittsburgh, Pennsylvania, Trump stated that increasing tariffs would boost local steel production and ensure a more stable supply for national needs.
He also revealed plans for a $14 billion investment through a partnership between US Steel and Japan’s Nippon Steel, aimed at revitalizing the steel industry in the region. However, Trump noted that he has not yet reviewed or approved the final agreement.
This is another step in a series of actions Trump has taken since returning to office in January, focused on protecting the domestic market and reducing the influence of foreign competitors. He emphasized the importance of these measures for preserving jobs and motivating American workers.
“There will be no more outsourcing, and every steelworker will receive a $5,000 bonus,”
Trump declared, as the crowd responded with loud applause.
Still, the decision has sparked concerns among some industry workers, who are uncertain about the US-Japan trade deal, especially regarding union contracts that define wages and working conditions.
Trump also recalled the impact of the 2018 tariffs imposed during his first term, claiming they had “saved” US Steel, the nation’s largest steel producer.
“At 50%, they can’t cross the borders anymore,”
he said, calling it a decisive step in reviving the steel industry in Pennsylvania, a key pillar of the U.S. economy.
The U.S. steel industry has seen a decline in recent years, while China, India, and Japan have emerged as the world’s largest producers. Currently, about 25% of steel used in the U.S. is imported, with Mexican and Canadian steel repeatedly drawing criticism from President Trump.
