Trump says he plans to double steel tariff to 50%
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U.S. President Donald Trump said Friday he plans to double the tariff rate on steel to 50 per cent, a dramatic increase that could further push up prices for a metal used to make housing, vehicles and other goods.
Trump was speaking at U.S. Steel's Mon Valley Works–Irvin Plant in West Mifflin, Pa., to announce investments by Japan's Nippon Steel.
The U.S. first imposed a 25 per cent tariff on steel and aluminum from Canada in March.
WATCH | Europe gets a reprieve on tariffs:
Trump delays tariff threat on EU to July
4 days ago
Duration 2:52
U.S. President Donald Trump says he will delay his 50 per cent tariff on imports from the European Union until July 9 after a weekend phone call between Trump and European Commission President Ursula von der Leyen.
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