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Kenyan News
Home Lifestyle

Trump Doubles Steel Tariffs to 50%

254 by 254
May 31, 2025
in Lifestyle, North America, World
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Former U.S. President Donald Trump has announced a plan to double tariffs on steel and aluminium imports from 25% to 50%, starting Wednesday. At a rally in Pittsburgh, Trump said the move is intended to revitalize the local steel industry, reduce dependence on foreign imports—especially from China—and strengthen national supply chains.

Trump also highlighted a planned $14 billion investment in U.S. steel manufacturing through a partnership between U.S. Steel and Japan’s Nippon Steel, though he admitted the deal is not yet finalized. He promised steelworkers $5,000 bonuses and no layoffs or outsourcing, drawing strong support from the union crowd.

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He credited the initial 25% tariffs introduced in 2018 for saving U.S. Steel and framed the new 50% rate as vital for the company’s survival, noting that imported steel makes up about a quarter of U.S. consumption.

The announcement comes amid legal disputes over some of Trump’s global tariffs, although the steel and aluminium tariffs remain unaffected. Trump’s protectionist measures have led to global trade tensions, especially with China, the world’s top steel producer.

Local union leaders expressed cautious optimism about the investment and its potential to revive manufacturing in the region. While the deal with Nippon Steel has not been officially confirmed, reports suggest it will include significant safeguards for American jobs and production levels.

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