"Trump announced his administration is raising tariffs on steel imports from 25 percent to 50 percent, framing it as a boon for domestic manufacturing."
"There's never been a $14bn investment in the history of the steel industry in the United States of America, Trump said, praising Nippon Steel and US Steel's deal."
During a rally in Pittsburgh, President Trump announced a significant increase in steel tariffs from 25% to 50%, emphasizing this move as beneficial for the domestic steel industry. He highlighted a major investment partnership between Japan's Nippon Steel and US Steel valued at $14 billion, presenting it as a milestone for the industry. The implications of these tariffs on existing trade agreements remain uncertain, but Trump aims to secure support from blue-collar workers, particularly in the Rust Belt. His agenda prioritizes American manufacturing amidst global competition.
Read at www.aljazeera.com
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