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Trump doubles steel tariffs to 50%, touts U.S. Steel-Nippon deal still short on details – Vested Daily
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Trump doubles steel tariffs to 50%, touts U.S. Steel-Nippon deal still short on details

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Finer details of the partnership between U.S. Steel Corp. and Japan’s Nippon Steel Corp. remained elusive Friday after President Donald Trump touted the deal as a “blockbuster” agreement worth more than $14 billion in investments — while also announcing he will double U.S. tariffs on steel imports to 50%.

Nippon Steel

JP:5401 NPSCY is putting up “billions of dollars” to invest in U.S. Steel X, while the American steelmaker is “going to maintain control,” Trump said at a rally at a U.S. Steel plant in the Pittsburgh area.

This post was originally published on Market Watch

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