Trump announced that the tariff rate for steel imports will be increased to 50 percent – Cyprus Newspaper

US President Donald Trump announced that the customs duty rate applied to steel imports will be increased from 25 percent to 50 percent.

Trump made statements about the steel industry at US Steel’s Pennsylvania facility.

Stating that the tariffs applied to steel imports will be increased, Trump said, “We will increase the customs duty applied to the steel imported to the USA from 25 percent to 50 percent.” he said.

Trump said that increasing steel tariffs will further guarantee the steel industry in the United States.

On February 10, US President Trump signed decrees to implement customs duties for 25 percent of steel and aluminum imports. These recipes entered into force on 12 March.

« Steel Industry is a national security issue »

Trump recalled that the “steel industry’s head crown” US Steel said it would never allow it to be sold to foreigners without any protection for steel workers.

Referring to the partnership agreement with US Steel’s Japanese steel manufacturer Nippon Steel, Trump said the company will keep its headquarters in Pittsburgh.

Trump said that he rejected Nippon many times until he got a good offer, and that the company would invest billions of dollars in the US.

Trump, who argued that they kavran saved ”by bringing US Steel to 25 percent of steel imports, claimed that they protect the US from terrible influences.

Talking about the importance it attaches to the steel industry, Trump said, “A strong steel industry is not only a matter of reputation, pride and pride, but above all a national security issue.” he said.

Steel tariffs will be increased next week

On the other hand, the White House’s X social media account shares, steel tariffs will be raised next week to protect the US steel industry more than foreign influence and unfair competition.