Trump announces steel tariff increase from 25% to 50% in Pittsburgh speech

president Donald Trump said on Friday that he would double the steel tariffs from 25 % to 50 %.

Trump said on Friday as he was talking to US steel workers in Pittsburgh after a “main advertisement” relief,

“No one will wander in this matter. So, we raise it from 25 %. We double it to 50 %.”

“25 %, they can overcome this fence. By 50 %, they can no longer overcome the fence. So, congratulations to everyone and you a lot. Did you hold a better deal?”

The Republican Party of the Republican Party in the state of Niabon Steel provides 10,000 jobs in industry in Pennsylvania.

Trump said he was originally considering an increase to 40 %.

I said, “Do you prefer to get 40 % or 50 %? They said, “We’ll take 50.” I said, “I had a feeling that you would say that.” So, congratulations.

The Federal Judge occupies 5 Error orders Trump

“People here understand the word tariff, and you better understand it than people in Wall Street. But now people in Wall Street are discovering. They say,“ Wow, as you know, Trump was right. “

President Donald Trump speaks to supporters during a US solid career on Friday. (Jeff Swensen / Getty Images / Getty Images)

Trump has been criticized by some in Wall Street for definitions that can lead to the most enlarged supply and stagnation chain issues.

Trump in Pennsylvania was describing a deal between the United States Steel and Nippon Steel in Japan.

The president said that the company’s headquarters will remain in Pittsburg with Nippon investing 14 billion dollars over a period of 14 months, adding that no workers will be lay off.

Trump Tours US Steel – Irvin Works in West Miflin, Pennsylvania, Friday. (Saul Loeb / AFP via Getty Images / Getty Images)

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On Sunday, Trump told the correspondents that it was “an investment, it is partial property, but it will be controlled by the United States.”

After announcing the high tariff, Trump said on the social truth that he would happen on June 4.

“It is a great honor to raise tariffs on steel and aluminum from 25 % to 50 %, starting from Wednesday, June 4,” he wrote. “Our steel and aluminum industries come back as it hasn’t happened before. This will be another great tremor of the wonderful news for our wonderful and aluminum workers. Make America great again!”