Srinagar, May 31 -- US President Donald Trump on Friday announced that tariffs on imported steel and aluminum will be doubled to 50%, escalating his protectionist trade agenda aimed at reviving domestic manufacturing. The new rates will take effect from Wednesday, June 4.
Speaking at a US Steel plant in Pennsylvania-a key swing state-Trump told workers, "We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America. Nobody's going to get around that."
He later confirmed on Truth Social that aluminum imports will also be subjected to the 50% tariff hike.
Since returning to office in January, Trump has reignited trade tensions with sweeping tariffs on allies and rivals, arguing that such measures are nec...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.