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Donald Trump said he would double tariffs on steel imports from 25 to 50 per cent in the latest escalation of his global trade war, as he vowed to bring the industry “roaring back to life” in the US.
The US president unveiled the new levies during a rally at a Pennsylvania steel plant as he hailed Nippon Steel’s $15bn deal to enter a “partnership” with US Steel.
“We’re going to bring it from 25 per cent to 50 per cent, the tariffs on steel into the United States of America, which will even further secure the steel industry,” he told the crowd in West Mifflin. “Nobody is going to get around that.”
Trump imposed a 25 per cent tariff on steel and aluminium products imported into the US earlier this year, in one of the first broadsides of his global trade war.
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