President Donald Trump has announced the US will double its current tariff rate on steel and aluminium imports from 25% to 50%, starting on Wednesday.
Speaking at a rally in Pittsburgh, Pennsylvania on Friday, Trump said the move would help boost the local steel industry and national supply, while reducing reliance on China.
Trump also said that $14bn would be invested in the area’s steel production through a partnership between US Steel and Japan’s Nippon Steel, though he later told reporters he had yet to see or approve the final deal.
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