US President Donald Trump said on Friday that he is doubling tariffs on steel imports up to 50 percent, a major increase that can increase prices for steel, used in housing, cars and other products.“We are going to bring it from 25 percent to 50 percent, tariff on steel in the United States, which will make it even more secure,” Trump said.Trump said he had a “major declaration”, as he spoke at the US Steel’s Mon Valley Works -Irwin plant at West Miflin, Pennsylvania, to talk about investment by Japan’s Nippon Steel.“Nobody is going around that,” he added during a speech in front of workers in a state that helped him win the 2016 election.Trump said that US Steel will remain an American company under a deal where Nipon will invest in Nippon Steel Company. Some details about the deal have been shared.“We are here today to celebrate a blockbuster agreement in one of the American steel warehouses near Pittsburgh, Trump said that this storey American company remains an American company.” “You are going to be an American company, you know that, right?”He said that doubling tariffs on steel imports “will make the steel industry even more secure in the US.” But this major increase can increase prices.Workers, pro -trump, local officials, and other Trump gathered in a large warehouse at Irwin plant to speak. American flags were hung from the roof, and read a sign “The Golden Age”. Steelworkers wore orange hard hats and working clothes, and large coils of steel made in a floor -filled plant of warehouse. Steel is used for devices, doors and other products.First, Trump promised to block the Japanese company’s effort to buy US steel, but last week he announced a deal for “partial ownership” for Nippon Steel. It is not clear that the deal is finalized or how ownership will be arranged.Trump said that he considered 40 percent tariffs, but industry leaders asked for 50 percent.“At 25 percent, they can eliminate that fence,” Trump said. “No one is going to that fence at 50 percent.”On 12 March, Trump imposed 25 percent tariffs on all steel and aluminum imports. This led to immediate vengeance from Canada and complaints from the US auto industry. The European Union also responded with tariffs but later removed them.
