President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
Speaking at the U.S. Steel Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, Trump said the move aims to better protect American steel producers.
“Today, I have a major announcement,” he said. “We’re doubling the tariffs on steel to 50%, which will secure the US steel industry. Nobody will be able to get around that.”
He explained the higher tariff will close loopholes that allowed foreign competitors to bypass the previous 25% tariff. “At 25%, they could get over the fence. At 50%, they can no longer get over,” he added, praising the steel sector’s investors and workers.
“I said the tariff is the most beautiful word in the dictionary.”
Trump made the announcement while highlighting new investments from Japan’s Nippon Steel. He spoke about job losses in Pittsburgh’s iron and steel mills and how the US had relied on China for tanks, boats, and ships.
“A strong steel industry is not just about dignity, prosperity, or pride,” he said. “Above all, it’s a matter of national security.” He added that the higher tariffs will help protect US steel jobs and strengthen the country’s defense.
Since Trump took office, steel prices have already risen about 16%, according to government data on producer prices. This tariff hike is expected to put further pressure on steel-related sectors.
Onstage with current and former Steelers players, Trump received a personalized Steelers jersey and joked about the team’s quarterback situation, sparking cheers from the crowd.
He praised Nippon Steel’s $14.9 billion bid to buy U.S. Steel — a deal initially blocked by President Biden on national security grounds but now backed locally. Trump assured workers there would be no layoffs, all plants would stay open, and every steelworker would get a $5,000 bonus.
“Blast furnaces will run at full capacity for at least 10 years,” he said, promising stability and strength for the steel industry and its workers.
The president wrapped up his speech by saluting steelworkers for their vital role in building America’s military and cities. “With patriots like you, we’ll produce our own metal, unleash our own energy, and secure our future,” he promised.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies...
Morocco booked their place in the World Cup quarter-finals with a convincing 3-0 victory over Canada, ending the co-host's historic run in the tourna...
Kyrgyzstan’s ex-second in command, Kamchybek Tashiev, has been convicted of plotting to overthrow the country’s President Sadyr Japarov. Tashiev a...
Russia's Defence Ministry has said its forces are clearing the town of Lyman in Donetsk of Ukrainian forces, Moscow's state news agency Tass reported...
Uzbekistan will open an embassy in Georgia, the Central Asian country’s presidency has said. The announcement follows talks between Uzbekistan’s P...
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
Kyrgyzstan’s ex-second in command, Kamchybek Tashiev, has been convicted of plotting to overthrow the country’s President Sadyr Japarov. Tashiev and Japarov had ruled the Central Asian nation in tandem since 2020, until the former was unexpectedly ousted in February.
Thousands of demonstrators took to the streets of the eastern German city of Erfurt on Saturday as the far-right Alternative for Germany (AfD) opened its annual party conference, where delegates voted to keep Alice Weidel and Tino Chrupalla as the party's co-leaders.
French President Emmanuel Macron is expected to use next week's NATO summit in Ankara to advance his push for greater European responsibility in security, with a bilateral meeting planned with Turkish President Recep Tayyip Erdoğan as Paris seeks closer coordination with key allies.
The World Meteorological Organization (WMO) has raised its forecast for the rapid emergence of a strong El Niño, warning the climate pattern is likely to drive higher global temperatures and intensify extreme weather in the months ahead.
India is investigating a data breach at Tata Electronics that exposed sensitive documents linked to Apple's unreleased iPhone 18 Pro, marking the government's first public comments on the incident.
Iran and the U.S. have concluded indirect talks in Doha without a major breakthrough, with discussions focused on maritime traffic in the Strait of Hormuz and frozen Iranian funds. Both sides are expected to meet again after the funeral of Ayatollah Ali Khamenei.
International politicians and religious leaders have paid respects to Iran's late Supreme Leader Ali Khamenei throughout the day, ahead of his six day funeral ceremony which begins on Saturday. His casket is currently on display at the Iman Khomeini Grand Mosalla in Tehran.
Germany has requested urgent talks with China's ambassador following reports that Chinese authorities trained Russian soldiers, adding fresh strain to relations between Beijing and Europe amid the war in Ukraine.
European carmakers have urged the European Union to make sure new “Made in EU” rules do not put existing investments in Türkiye and Morocco at risk.
Microsoft is expected to announce a new round of job cuts as early as next week as the technology giant looks to reduce costs, according to reports.
A Swedish court has ordered Alphabet-owned Google to pay about $1.5 billion in antitrust damages to price comparison platform PriceRunner, in one of Europe's largest competition-related awards against a major technology company.
U.S. President Donald Trump earned more than $1bn from cryptocurrency-related business ventures last year, according to his mandatory 2025 financial disclosure.
Rocket Lab has agreed to acquire Iridium Communications in an $8 billion deal, giving the space company a global satellite communications network and accelerating its expansion beyond launch services. The acquisition marks a major step in its ambition to become a fully integrated space business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment