US President Donald Trump announced this Friday, May 30 that steel tariffs imposed last March will rise from 25% to 50%.
“We are going to rise from 25% to 50% tariffs on steel in the United States, which will further ensure the industry in the country,” said the president in a rally in the city of Pittsburgh (Pennsylvania), which he went to announce after announcing the investment agreement of the Japanese justice of Japanese Japanese Steel in the American Us Steel.
The Republican leader celebrated that the public of the event, full of workers from this industry, “understands the word tariff better than the people of Wall Street”, and pointed out that “tariff” is his fourth favorite word after “God, wife and family.”
The announcement of the Republican leader takes place just one day after an appeal court lifted the blockade of the International Trade Court to a good part of Trump’s tariff policy on the imports of numerous countries.
This blockade would not have affected steel levies, but those announced on April 2, which consist of a 10% global tariff for practically all US commercial partners.
In addition, it would also have blocked a proportion – which was frozen until July to sign agreements – that varies according to the country, depending on deficits and commercial volumes, and that the White House labeled as “reciprocal tariffs.”
At the rally held today in Pittsburgh, the president focused on celebrating the alliance between the Japanese Japanese ancer Nippon Steel and the American US Steel.
The president said that this agreement, that on January 3 was blocked by the then President Joe Biden, would create at least 70,000 jobs and contribute 14,000 million dollars to the US economy.
Trump said, before Biden’s decision, that he opposed the operation frontally, but after returning to the White House and receiving in February the Japanese prime minister, Shigeru Ihiba, was favorable to the fact that Nippon Steel can acquire a limited participation in the American giant coming unless. Today, the president said that the alliance “will ensure that this historical American company remains American” and said that “Japan has been a great friend of mine during my years as president”, referring to his previous mandate.