Trump to Hike Steel, Aluminum Tariffs to Aid Nippon-US Steel

President Donald Trump said he would be increasing tariffs on steel and aluminum to 50% from 25%, saying the move would help protect American workers, as he visited a United States Steel Corp. plant on Friday.

Trump had gone to the plant near Pittsburgh to champion an expected deal between US Steel and Japan’s Nippon Steel Corp. as one that would ensure the iconic American firm remains US-owned and operated, even as many details on the agreement remain vague. He said the steel tariff increase would benefit the new venture’s American operations.