Trump says U.S. will double steel tariffs to 50%

[BumRushDaShow]

Source: CNBC

Published Fri, May 30 2025 12:45 PM EDT | Updated 13 Min Ago


President Donald Trump told U.S. steelworkers on Friday that he will double tariffs on steel imports to 50%. “We’re going to bring it from 25% to 50%, the tariffs on steel into the United States of America,” Trump said during remarks at U.S. Steel’s Irvin Works in West Mifflin, Pennsylvania.

Trump is visiting U.S. Steel after indicating last week that he will clear a controversial merger with Japan’s Nippon. Investors and union members are listening for answers from the president on what shape the deal he announced between U.S. Steel and Nippon will take.

Trump described the deal as a “partnership” in a May 23 post on his social media platform Truth Social. The president said U.S. Steel’s headquarters would remain in Pittsburgh and Nippon would invest $14 billion over 14 months in the more than 120-year-old American industrial icon.

Trump told reporters on Sunday that the deal is an “investment, it’s a partial ownership, but it will be controlled by the USA.” But the White House and the companies have provided little detail to the public on how the deal is structured since Trump’s announcement.

Read more: https://www.cnbc.com/2025/05/30/trump-rally-us-steel-nippon-deal.html

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TACO.

Article updated.

Original article -

Published Fri, May 30 2025 12:45 PM EDT | Updated 2 Min Ago


President Donald Trump said on Friday that the U.S. will double tariffs on steel imports to 50% “We’re going to bring it from 25% to 50%, the tariffs on steel into the United States of America,” Trump said.

Trump is speaking at U.S. Steel’s Irvin Works in West Mifflin, Pennsylvania. Investors and union members are listening for answers from the president on what shape the deal he announced between U.S. Steel and Nippon will take.

Trump described the deal as a “partnership” in a May 23 post on his social media platform Truth Social. The president said U.S. Steel’s headquarters would remain in Pittsburgh and Nippon would invest $14 billion over 14 months in the more than 120-year-old American industrial icon.

Trump told reporters on Sunday that the deal is an “investment, it’s a partial ownership, but it will be controlled by the USA.” But the White House and the companies have provided little detail to the public on how the deal is structured since Trump’s announcement.

[surfered]

1. -

[Lovie777]

2. Stop it............

impeach. Although vance is worse.

[Mysterian]

3. "Tariffs! Tariffs! Tariffs," blubbered the simple-minded fool

I never thought I would see the USA sink so low.

[DENVERPOPS]

13. Rumor has it

that he has a dartboard in his oval office, (with a massive gilded goal frame, of course).

A couple of times a day, he throws a dart and if it hits black, it means raise the tariff, if it hits red, he lowers the tariff. Then, depending on which pie shaped segment it hits, designates different Trump hated countries....or combinations of countries.......

Who knew Presidential duties could be so simple............

[C_U_L8R]

4. Who's gonna tell him?

The idiot keeps getting things backwards.

[Cha]

5. TACO.

[bucolic_frolic]

6. On the road again ....

can't wait to get back on the road again ....

[BaronChocula]

7. Someone needs to stop pulling the string on this misfit toy

It keeps saying randomly ridiculous stuff.

[Ford_Prefect]

8. Imagine the cost of a new car or truck after this. Think what this will mean to the cost of restoring infrastructure,

to say nothing of how expensive it will be to build all those "new factories" where things will once more be made in America.

Irony has indeed died in the White House.

[live love laugh]

9. Titty baby's mad because of the TACO label.

[speak easy]

10. And 50% on Aluminum.

Sucks to be a car maker.

[DENVERPOPS]

14. Whatever happened to McConnells

humongous Aluminum Factory he promised he was bringing to Kentucky, financed by Russian Oligarchs, before the election, only to be re-nigged on once he won the election.......

And wasn't there another huge foreign Corporation that was going to open a colossal plant here in America, that never happened??

[dalton99a]

11. Kick

[Martin68]

12. They always fall back on steel tariffs.

[IzzaNuDay]

16. Hurry up! Set the Chickens Out countdown!

this tariff won’t last long either…

[Deminpenn]

17. The local news about the USS-Nippon deal

McCormick said there could be a "golden share" which means the USS board of directors will always be US controlled.

https://www.post-gazette.com/business/powersource/2025/05/27/golden-share-us-steel-nippon-mccormick/stories/202505270056

A broken clock is right twice a day. This is one of those times for Trump. Approving the sale to Nippon was the correct thing to do. Cleveland Cliffs, the Ohio-based steelmaker, also made an offer for USS, but was outbid by Nippon. Since then Cleveland Cliffs has focused its energy on torpedoing Nippon's offering. They got at least some USW leadership and members to oppose the Nippon deal even though Nippon would actually save USW jobs, but the USW union opposition ginned up by Cleveland Cliffs was a major reason Biden rejected the sale to Nippon.

Cleveland Cliffs recently closed two of its steelmaking plants and likely would have done the same to USS Clairton works rather than invest in it. And, had the Nippon deal not been approved, the Clairton works would have limped along until USS, too, would have closed it. As it is now, Nippon will upgrade and modernize the plant which will help stabalize the small towns nearby that depend on the jobs and taxes generated by the plant.

On a political note, Biden rejected the deal, but Harris could have said she'd accept it. (Remember during the campaign Trump also said he'd reject the Nippon sale.) Imho, it's possible that alone might have won her enough votes in the Mon Valley to have won the state.

[BumRushDaShow]

18. But remember that 45 and the MAGat GOP

have harped on and made a central part of their insane "strategy" rhetoric (enforced via the nonsensical tariffs) that things should be "Made in America™" with no foreign "stuff" or "ownership" or "people".

Cleveland Cliffs is shady as hell but again. the "AMERICA FIRST!!!!11!!!!1!!" crap gets trotted out endlessly... until it doesn't.

[Deminpenn]

21. This is why the idea of a "golden share" is part of the deal

It means there will always be a US majority on board of directors to make decisions that are in US interest.

[BumRushDaShow]

22. That would normally be criteria in a "sane" world

But that is not what the "rhetoric" promotes about "America First" (and ONLY).

ETA - and this was sort of an illustration back in the day (starring a guy from over there) -

[Deminpenn]

23. The rhetoric is really irrelevant

Nippon wants USS and will do what it needs to to close the deal.

End of story.

[E. Normus]

19. hmmm..."little details"

Details are not provided because they do not exist. This administration isn't bothered by such trivialities. Besides Trump will change his mind in a few days.

[DallasNE]

20. How Long Will It Take For TACO Time?

We know it will happen.

With supply chains like they are, how long will it be before we see compounding take place in the tariff wars? Take this hypothetical case. Canada imports iron ore from America to build cars that Canada then exports to America. Canada slaps a tariff on the iron ore, and the US slaps a tariff on the finished iron used to make the cars, and additionally slaps a tariff on the cars themselves.