President Donald Trump said he would be increasing tariffs on steel to 50% from 25%, saying the move would help protect American steelworkers during a visit to a United States Steel Corp. plant on Friday.
Trump was visiting the plant to champion an expected deal between United States Steel Corp. and Japan’s Nippon Steel Corp. as one that would ensure the iconic American firm remains U.S.-owned and operated, even as details on the agreement remain vague. He said the new tariffs would benefit the new venture’s US operations.
