President Donald Trump announced on Friday that his administration will raise tariffs on foreign steel from 25 percent to 50 percent as he celebrated a deal between U.S. Steel and Japan’s Nippon Steel.
“We're going to bring it from 25 percent to 50 percent, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States. Nobody is going to get around that,” said Trump.
