Trump says he is doubling tariffs on imported steel to 50% – US politics live | Trump administration

Trump says he is doubling tariffs on imported steel to 50% – US politics live | Trump administration


www.theguardian.com

Trump says he is doubling tariffs on imported steel to 50%

Donald Trump just announced at his rally in Pittsburgh that he is increasing the tariff on imported steel from 25% to 50%.

The US president told steel workers: “We are going to be imposing a 25% increase. We’re going to bring it from 25% to 50% the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States.”

Share

Updated at 

Key events

Trump does have authority to raise steel tariffs

Donald Trump just wrapped up his speech to steelworkers in Pittsburgh, which closely resembled a campaign event, despite the fact that he is no longer eligible to run for the presidency again.

The main news of the speech, at a US Steel plant near Pittsburgh, celebrating the sale of the company to Japan’s Nippon Steel, was Trump’s announcement that he was doubling tariffs on imported steel, from 25% to 50%.

Despite a court ruling this week that Trump does not have the authority to impose tariffs at will, he does have the authority, as president, to unilaterally raise tariffs on steel imports, under a national security provision called Section 232 of the Trade Expansion Act.



Source link

Share this post :

Facebook
Twitter
LinkedIn
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

Create a new perspective on life

Your Ads Here (365 x 270 area)
Latest News
Categories

Subscribe our newsletter

Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.