US President Donald Trump on Friday pledged support for investments of more than US$20 billion by Japan’s Nippon Steel into US Steel, and said he would double tariffs on the industrial metal that they produce. He claimed that both moves would strengthen steelmaking in America.
Without exception, Trump said, steel import tariffs would jump to 50 per cent, “which will even further secure the steel industry in the United States”. He later said on his Truth Social platform that the increase would be…
Comments