
BREAKING NEWS Trump DOUBLES tariffs on steel imports as he pledges to turn the Rust Belt into the 'Golden Belt' during Pittsburgh appearance
President Donald Trump announced he was doubling tariffs on steel imports during an appearance Friday afternoon in Pittsburgh to tout a steel deal between U.S. Steel and Japan 's Nippon.
'We are going to be imposing a 25 percent increase, we're going to bring it from 25 percent to 50 percent, the tariffs on steel into the United States of America,' the president said.
Trump was appearing at the Irvin Works, a U.S. Steel plant outside the Pittsburgh city limits in West Mifflin, and was surrounded by orange-clad U.S. Steel workers when he shared the news.
During his remarks he also vowed to turn America's Rust Belt into a 'Golden Belt' - covered by his proposed 'Golden Dome' missile defense system.
And to further endear himself to the crowd, a trio of former and current members of the Pittsburgh Steelers christened Trump a 'Steeler' for the day, giving him a Trump 47 jersey onstage.
Ahead of the president's arrival, U.S. Steel President David Burritt and Nippon's Takahiro Mori, executive vice president, appeared together onstage to tout the partnership.
Both thanked Trump profusely.
'Because of him, U.S. Steel stays mined, melted and Made in America,' Burritt said. 'It's another golden age.'
'This moment is a new beginning and with the right leadership and the right partner we're ready to build something better and bigger,' Burritt added.
Mori used a similar phrasing when it was his turn to speak.
'Because of President Trump, U.S. Steel will remain mined, melted and in America by Americans,' Mori said.
John Bielich, 68, of Bethel Park is about to hit his 47th anniversary working for U.S. Steel or as a contractor.
He said he was 'relieved' last week when he heard news of Trump backing the deal.
'Because this deal, when it was first proposed, was a great deal for United States Steel, its workers, the communities that these plants sit in,' Bielich told the Daily Mail. 'It will sustain United States Steel operations, specifically in Pittsburgh and the Mon Valley, for many, many years to come.'
When Bielich first heard that it was a Japanese firm looking to acquire U.S. Steel he said he was skeptical.
'The heart sank a little bit, but then as I started to understand the value of the deal of what Nippon was going to bring to U.S. Steel, given the state of steel-making in this country, I accepted it as a great opportunity,' Bielich said.
Chris J., a 22-year-old college grad who's moving back to the area, said he was attending Trump's speech Friday because his father worked in the industry.
'We'll see what President Trump has to say but at the end of the day it sounds like a lot of people are getting a lot of security they've been looking for,' he told the Daily Mail. 'But then also, for our city, from that standpoint, we're getting an influx of investment that we really haven't seen this magnitude of.'
'At the end of the day, people - from my understanding - are keeping their jobs and it's cool because this is my city, I'm coming back into it, and hopefully see one or more things that will be reaping the benefits of this,' he added.
The site for Trump's speech was at an active facility, the Irvin Works, a U.S. Steel plant located outside the city limits, hugging the Monongahela River in West Mifflin, Pennsylvania.
Even with hundreds of attendees - some in hard hats, other in MAGA hats and many in their bright orange U.S. Steel jackets - the set-up for the speech, took up less than a quarter of the aging warehouse.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
21 minutes ago
- Reuters
Gold tops 1-month high as Middle East tensions spur safe-haven demand
June 13 (Reuters) - Gold prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors sought safe-haven assets after Israel's strike on Iran heightened Middle East tensions. Spot gold was up 1.3% at $3,428.28 an ounce, as of 0134 GMT, after hitting its highest level since May 7 earlier in the session. Bullion has gained more than 3.5% so far this week. U.S. gold futures gained 1.4% to $3,449.60. Geopolitical tensions escalated after Israel struck Iran as tensions mounted over U.S. efforts to halt Iran's production of atomic bomb materials. "This latest spike in hostilities in the Middle East has taken the focus off trade negotiations for now, with investors making a play towards safe-haven assets in response," said Tim Waterer, chief market analyst at KCM Trade. Israel declared a state of emergency, citing expected missile and drone attacks from Tehran, and the U.S. military is preparing for various contingencies in the Middle East, including potential assistance with evacuating American civilians, a U.S. official told Reuters on condition of anonymity. "Gold surged past resistance around the $3400 on news of the airstrikes, and further upside could be in-store should the escalation continue," Waterer said. Signaling a cooling U.S. labor market and subdued inflation pressures, the number of Americans filing new applications for unemployment benefits held at an eight-month high last week, while slowing domestic demand helped to restrain producer prices in May. The data released a day after the Labor Department reported a moderate rise in consumer prices in May, bolstered expectations of an earlier rate cut. Traders are now expecting a 55-basis-point rate cut by the year-end, starting in September rather than October as previously anticipated. USDIRPR Elsewhere, spot silver edged down 0.1% at $36.33 per ounce, platinum fell 0.8% to $1,285.21, while palladium was steady at $1,055.21. All three metals were headed for weekly gain.


The Independent
43 minutes ago
- The Independent
Meta invests in AI firm Scale and recruits its CEO for 'superintelligence' team
Meta said Thursday it is making a large investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing 'superintelligence' at the tech giant. The move reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces tough competition from competitors such as Google and OpenAI. Meta announced what it called a 'strategic partnership and investment' with Scale late Thursday but didn't disclose the financial terms of the deal. Scale said the added investment puts its market value at over $29 billion. Scale said it will remain an independent company but the agreement will 'substantially expand Scale and Meta's commercial relationship.' Meta will hold a minority of Scale's outstanding equity. Wang, though joining Meta, will also remain on Scale's board of directors. Replacing him is a new interim Scale CEO Jason Droege, who was previously the company's chief strategy officer and had past jobs at Uber Eats and Axon. It won't be the first time a big tech company has gobbled up talent and products at innovative AI startups without formally acquiring them. Microsoft hired key staff from startup Inflection AI, including co-founder and CEO Mustafa Suleyman, who now runs Microsoft's AI division. Google pulled in the leaders of AI chatbot company while Amazon made a deal with San Francisco-based Adept that sent its CEO and key employees to the e-commerce giant. Amazon also got a license to Adept's AI systems and datasets. Wang was a 19-year-old student at the Massachusetts Institute of Technology when he and co-founder Lucy Guo started Scale in 2016. They won influential backing that summer from the startup incubator Y Combinator, which was led at the time by Sam Altman, now the CEO of OpenAI. Wang dropped out of MIT, following a trajectory similar to that of Meta CEO Mark Zuckerberg, who quit Harvard University to start Facebook more than a decade earlier. Scale's pitch was to supply the human labor needed to improve AI systems, hiring workers to draw boxes around a pedestrian or a dog in a street photo so that self-driving cars could better predict what's in front of them. General Motors and Toyota have been among Scale's customers. What Scale offered to AI developers was a more tailored version of Amazon's Mechanical Turk, which had long been a go-to service for matching freelance workers with temporary online jobs. More recently, the growing commercialization of AI large language models — the technology behind OpenAI's ChatGPT, Google's Gemini and Meta's Llama — brought a new market for Scale's annotation teams. The company claims to service 'every leading large language model,' including from Anthropic, OpenAI, Meta and Microsoft, by helping to fine tune their training data and test their performance. It's not clear what the Meta deal will mean for Scale's other customers. Wang has also sought to build close relationships with the U.S. government, winning military contracts to supply AI tools to the Pentagon and attending President Donald Trump's inauguration. The head of Trump's science and technology office, Michael Kratsios, was an executive at Scale for the four years between Trump's first and second terms. Meta has also begun providing AI services to the federal government. Meta has taken a different approach to AI than many of its rivals, releasing its flagship Llama system for free as an open-source product that enables people to use and modify some of its key components. Meta says more than a billion people use its AI products each month, but it's also widely seen as lagging behind competitors such as OpenAI and Google in encouraging consumer use of large language models, also known as LLMs. It hasn't yet released its purportedly most advanced model, Llama 4 Behemoth, despite previewing it in April as "one of the smartest LLMs in the world and our most powerful yet.' Meta's chief AI scientist Yann LeCun, who in 2019 was a winner of computer science's top prize for his pioneering AI work, has expressed skepticism about the tech industry's current focus on large language models. 'How do we build AI systems that understand the physical world, that have persistent memory, that can reason and can plan?' LeCun asked at a French tech conference last year. These are all characteristics of intelligent behavior that large language models 'basically cannot do, or they can only do them in a very superficial, approximate way,' LeCun said. Instead, he emphasized Meta's interest in 'tracing a path towards human-level AI systems, or perhaps even superhuman.' LeCun co-founded Meta's AI research division more than a decade ago with Rob Fergus, a fellow professor at New York University. Fergus later left for Google but returned to Meta last month after a 5-year absence to run the research lab, replacing longtime director Joelle Pineau. Fergus wrote on LinkedIn last month that Meta's commitment to long-term AI research 'remains unwavering' and described the work as 'building human-level experiences that transform the way we interact with technology.'


Reuters
an hour ago
- Reuters
Meta finalizes investment in Scale AI, valuing startup at $29 billion
June 12 (Reuters) - Meta Platforms (META.O), opens new tab has finalized an investment in Scale AI that values the startup at over $29 billion, Scale AI said on Thursday. Scale CEO and co-founder Alexandr Wang will join Meta to work on its AI efforts, with Scale's chief strategy officer, Jason Droege, to serve as its interim CEO, Scale AI added. Two sources familiar with the matter said that Meta's investment in Scale AI is $14.3 billion. The sources said that Wang will join a new "superintelligence" unit inside Meta to achieve artificial general intelligence (AGI), a term that refers to machines that can match or surpass human capabilities.