Summary
- President Donald Trump announced that tariffs on steel and aluminum would be increased from the current 25% to 50%.
- The tariff increase measure is scheduled to take effect from June 4.
- President Trump emphasized that this measure would energize the U.S. steel and aluminum industries and its workers.
President Donald Trump announced an increase in import tariffs on steel and aluminum from the current 25% to 50%. This measure will take effect from June 4 (local time).
On the 30th (local time), President Trump, through Social Truth, stated, "It is a great honor to raise the tariffs on steel and aluminum from 25% to 50%," adding, "The U.S. steel and aluminum industries are recovering more strongly than ever, and this measure will once again provide a significant boost to our industries and workers."
He went on to reiterate his flagship slogan, 'Make America Great Again,' emphasizing his commitment to protecting domestic industries and revitalizing manufacturing.
Doohyun Hwang
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