For us to double the tariff for importing steel to 50 %

For us to double the tariff for importing steel to 50 %

Brandon Drinon and Natalie Sherman

BBC News

Watch: Trump announces a 50 % tariff on steel and aluminum

President Donald Trump announced that the United States will double the current tariff rate on steel and aluminum imports from 25 % to 50 %, starting on Wednesday.

Speaking at a gathering in Pittsburgh, Pennsylvania on Friday, Trump said this step will help strengthen the local steel industry and the national offer, while reducing dependence on China.

Trump also said that $ 14 billion in steel production in the region will be invested through a partnership between the United States Steel and Nepon Steel in Japan, although he later told the reporters that he had not yet seen him or agreed to the final deal.

This advertisement is the latest turn in Trump’s approach to Trump in definitions since the office was re -entered in January.

“There will be no layoff that does not stop demobilization or outdoor outsouruing at all, and all American steel workers will get a rewarded reward of $ 5,000,” Trump told the crowd, full of steel staff, for the loud applause.

One of the main concerns of steel workers on the commercial deal of the United States and Japan was how Japan would honor the contract of the Workers Union that regulates wages and employment.

Trump began his remarks by saying that he “saved Steel”, the largest steel manufacturer in America, located in Pittsburgh, with a 25 % tariff he carried out during his first term as president in 2018.

Both sales and profits in the United States have decreased in recent years.

Trump described the increase to 50 % as a way to ensure the United States remains.

“By 50 %, they can no longer exceed the fence,” he said. “We will put again in the solid state of Pennsylvania in the backbone of America, as it hasn’t happened before.”

US steel manufacturing has decreased in recent years, and China, India and Japan have advanced as the best producers in the world. Almost a quarter of all the steel used in the United States is imported, and the country’s dependence on Mexican and Canadian steel Trump is angry.

This advertisement comes in the middle A tight battle on the legitimacy of some global definitions of Trumpand To which the Court of Appeal allowed to continue after the International Trade Court ordered the Tax Management.

The case did not touch it.

Getty Images Donald Trump speaks in a gathering in Pittsburg, PennsylvaniaGety pictures

“It is a good day for steel workers,” Jojo Burgis, a member of the local United Workers’ Labor Union who was in the Trump Rally, told the BBC.

Mr. Burgis, who is also the mayor of Washington, Pennsylvania, has expressed optimism about the details reported to partnership with Nippon Steel, saying that he hopes to help raise a new generation of steel workers in the region.

And remember “earning a lot of money” in the years that followed Trump, a steel tariff in his first term.

Although Borges will not describe himself as a supporter of Trump, and says he only voted for the presidency of the presidency in the last two decades, he said: “I will never disagree with something that will lead to the settlement of the American Manufacturing Stadium.”

However, the traces of Trump’s tariff have greatly led to global economic chaos. Trade and global markets have been increased and cracks – or expanded – have been formed – in relations between the United States and other countries, including some of its closest partners.

These drawings tense relations between China and the United States, the world’s largest economy in the world, and launched the two countries in a commercial battle.

Friday, without providing details, Trump accused China of violating a truce They reached the definitions earlier this month due to talks in Geneva.

The American trade representative, Jameson Jarir, later, explained that China did not remove the barriers other than the agreed upon in this deal.

Then China responded to our accusations. On Friday, Beijing did not address the United States’ demands, but urged the United States to “stop discriminatory restrictions against China.”

China is the world’s largest steel factory, and is responsible for more than half of global steel production, according to the statistics of the World Steel Association from 2022.

“If you don’t have a steel, you will not have a country. You don’t have a country, you cannot make an army. What will we do? Say,” Let’s go to China to get our steel from the army tanks, “Trump said in the Pittsburgh Rally on Friday.

Almost a wide range around the clock was almost alluded to the deal, which he had concluded with Nippon Steel in Japan, but he did not provide any new details. Both companies did not confirm any deal.

The United States agreed to steel in December 2023 to be seized by Nippon in a $ 15 billion deal before President Joe Biden prohibited it on national security land in the end.

During his campaign for the president, Trump said he was “against” the American steel generated by a “foreign company”.

He also said that he “will prevent her immediately,” describing the acquisition by Nippon as “very terrible.”

Under a new “partnership” reported, it is not clear who will possess American steel or who will manage 124 -year -old American actions.

White House officials said Trump persuaded Nippon to strengthen his investments in the United States and give the government key in American factories operations.

According to the American media, Japan plans to invest $ 14 billion over 14 months.

Other details are reported that companies said that they will maintain the ownership of the United States in the United States, with American citizens in the Board of Directors and in leadership positions; He pledged not to reduce production for 10 years; He agreed to give the government the right to veto the possible production after that period.

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