Trump says he will double steel tariffs to 50%

President Donald Trump disclosed he is going to double the tariff rate on steel from to a dramatic increase that could further increase prices for the metal used to make housing autos and other goods Trump was speaking at U S Steel s Mon Valley Works Irvin Plant in West Mifflin Pennsylvania to announce investments by Japan s Nippon Steel The price of steel products has increased roughly since he became president according to the governing body s producer price index Also Friday Trump hosted an Oval Office news conference alongside billionaire and Department of Leadership Efficiency architect Elon Musk The world s richest man is leaving his job having accomplished far less than he set out to do although his tumultuous tenure will likely leave a lasting mark on the federal cabinet Here s the Latest Employees join Trump onstage Trump was joined by several U S Steel workers including Jason Zugai the vice president of the United Steelworkers local union at the Irvin finishing plant that defied the international union in supporting Nippon Steel s bid to buy U S Steel Zugai whose father lost his job in a steel mill years earlier lobbied local agents and members of Congress to help the deal believing that U S Steel would otherwise shut down its Pittsburgh-area plants eventually In his remarks Zugai narrated Trump I knew you wouldn t let us down He called Nippon Steel s proposed billion in investments life changing Nippon Steel s billion bid for U S Steel was blocked by then-President Joe Biden on national defense grounds before Trump who had noted he would block the transaction too changed his mind Trump calls it an incredible deal for steelworkers The president has not disclosed whether the deal between Japan-based Nippon and U S Steel has been finalized and there are no details on how much control U S Steel will retain But he nonetheless hailed it as an incredible deal for American steelworkers Trump noted all steelworkers would keep their jobs there would be no layoffs and all facilities would remain open He also reported every U S Steel worker will soon receive a bonus He disclosed in the present operating blast furnaces will remain at full limit for at least years You re not going to have to even think about that Frankly it won t matter because they re going to be here for a long time a lot longer than that Trump noted Trump to double the tariffs on steel to The president explained he s going to double the tariff rate on steel to a dramatic increase that could further push up prices for a metal used to make housing autos and other goods Trump was speaking at U S Steel s Mon Valley Works Irvin Plant in West Mifflin Pennsylvania to announce investments by Japan s Nippon Steel The price of steel products has increased roughly since he became president according to the executive s producer price index Trump says domestic steel production is a matter of national precaution The president made the remark at a rally in Pennsylvania to celebrate a deal for Japan-based Nippon Steel to invest in U S Steel Trump explained jobs in Pittsburgh s iron and steel mills were obliterated He noted the country was getting army tanks boats and ships produced in China The strong steel industry is not just a matter of dignity or prosperity or pride he noted It s above all a matter of national shield Trump takes the stage in West Mifflin The president informed a friendly crowd inside the steel fabrication plant that he was there to celebrate a blockbuster agreement that will ensure this storied American company stays an American company Trump stated the workers there is a lot of money coming your way and reported You re going to stay an American company You know that right He thanked Nippon Steel s chief negotiator Takahiro Mori without getting into any details of the deal He also thanked members of his cabinet and Republican lawmakers in attendance Trump gets a golden hard hat peers at large coils of steel backstage Before taking the stage at a steel plant in Pennsylvania the president spoke to three workers who gave him a golden hard hat Trump smiled as he held it up and pointed at it for nearby reporters to see But he didn t put it on his head He then chatted with the workers as the group walked past large rolls of steel Trump looked in different directions closely examining the coils Other products that include steel were on display nearby including appliances Steel workers say details on the deal Trump is set to announce remain scarce Steel workers attending the president s rally at a plant in Pennsylvania mentioned they still are not sure what the agreement between U S Steel and Nippon Steel will entail Clifford Hammonds a line feeder noted that at the very least it will upgrade an aging and underproducing plant It s putting money back into the plant to help rebuild it because this plant is old it s falling apart he disclosed Kevin McNeil who works in the facility s hot mill announced the constant rumors of a shutdown are like living in limbo But McNiel announced the assertion that the federal administration could prevent layoffs or plant shutdowns in the Nippon Steel acquisition was vital in giving workers confidence I think it s really central to get the executive behind us McNiel stated Before beginning his speech Trump chatted briefly with a small group of workers Kristi Noem noted an immigrant threatened to kill Trump The story expeditiously fell apart A claim by Homeland Precaution Secretary Kristi Noem that an immigrant threatened the life of the president has begun to unravel Noem disclosed an arrest of a -year-old man who was living in the U S illegally saying he had written a letter threatening to kill Trump and would then return to Mexico The story received a flood of media attention and was highlighted by the White House and Trump s allies But investigators genuinely believe the man may have been framed so that he would get arrested and be deported from the U S before he got a chance to testify in a trial as a victim of assault a person familiar with the matter notified The Associated Press The person could not publicly discuss details of the examination and spoke to the AP on condition of anonymity Law enforcement officers believe the man Ramon Morales Reyes never wrote the letter As part of the research agents contacted Morales Reyes solicited for a handwriting sample and concluded that his handwriting did not match the threatening letter and that the threat was not credible the person announced It s not clear why Homeland Safeguard personnel still decided to send a release making that claim