💨 Abstract

President Donald Trump announced a 50% tariff on imported steel to the U.S., doubling the current rate. He made the declaration at a US Steel plant in West Mifflin, Pennsylvania. Trump stated that this move will further secure the U.S. steel industry. The decision was influenced by industry executives who requested a 50% tariff, believing it would be more effective than the previous 25%.

Courtesy: WTOP Staff