On Friday, U.S. President Donald Trump said he plans to double the tax on imported steel, going from 25% to 50%. He explained that this decision is meant to help American steel companies grow and compete better with foreign companies.
Speaking at the U.S. Steel plant in Pennsylvania, Trump said this higher tax would protect American steel makers and help U.S. factories become stronger. He believes that by making foreign steel more expensive, American companies will have a better chance to succeed.
“This is about helping American workers and bringing back more factory jobs,” he said. “We want to make sure we can produce our own steel and not depend on other countries.”
Based on public remarks by President Trump in Pennsylvania, 2025.