US President Trump will double the steel tariff from next week to 50 percent

Washington, May 31 (IANS). US President Donald Trump said he was planning to double the tariff to 50 percent from next week to 50 percent. Trump’s decision has caused problems for steel manufacturers around the world. Trump said on social media platform X: “We increase the tariff on steel by 25 percent in the United States. We increase it from 25 percent to 50 percent. With this step, the steel industry in the United States will get extra security in the United States.” According to the Yonhap News Agency report, he later posted on social media that the high tariff rate would be in effect from June 4. Trump wrote on his truth social platform: “It is a great respect for me to raise the rates on steel and aluminum from 25 percent to 50 percent, which will be from Wednesday, June 4. Decision in Trump’s trade policy, which has been held illegally a few days after the commercial court recipes were held.