Trump says he plans to double steel tariffs to 50%

US president holds rally celebrating Nippon Steel's investment in US Steel

20250530N Trump US steel

President Donald Trump touts a Nippon Steel investment in U.S. Steel during remarks on May 30 at the American company's Irvin Works in West Mifflin, Pennsylvania. © Reuters

WEST MIFFLIN, Pennsylvania (Reuters) -- U.S. President Donald Trump on Friday said he planned to increase tariffs on foreign imports of steel from 25% to 50%, ratcheting up pressure on global steel producers and vowing to deepen his trade war.

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