Trump announces 50% tariff on steel imports at Pittsburgh rally, celebrates Nippon Steel deal ‘creating and saving over 100,000 American jobs’
President Donald Trump speaks to supporters during a rally at the US
Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania.
President Donald Trump announced that
he will be doubling tariffs on steel to 50% during a Pittsburgh rally at
U.S. Steel’s Irvin Works on Friday.
“We are going to be imposing a 25% increase. We’re going to bring it
from 25% to 50% the tariffs on steel into the United States of America,
which will even further secure the steel industry in the United States,”
Trump stated.
President Trump also assured that the iconic American company, U.S.
Steel, will remain an American owned company following an 18-month long
effort by Nippon Steel, a Japanese steelmaker, to buy-out the company.
President Trump at U.S. Steel this evening in Pittsburgh, PA
“We
don’t want America’s future to be built with shoddy steel from
Shanghai—we want it built with the strength and the pride of
Pittsburgh!” pic.twitter.com/ep9iVNan6r
Trump proclaimed the deal would proceed, with Nippon Steel as a partial owner, but the U.S. would retain ultimate control.
“We’re here today to celebrate a blockbuster agreement that will
ensure this storied American company stays an American company,” Trump
continued, speaking with over 1,600 people, including steel workers.
“You’re going to stay an American company, you know that right? But
we’re going to have a great partner.”
President Trump also boasted in a social media post last Friday that
the deal with the Japanese company will include a $14 billion investment
and will “create and save over 100,000 American jobs.”
“You’re going to be very happy,” he stated. “There’s a lot of money coming your way.”
Trump added that the megadeal includes “vital protections to ensure
that all steel workers will keep their jobs and all facilities in the
United States will remain open and thriving.”
Former President Joe Biden previously blocked the merger in January, citing national security concerns.
“It is my solemn responsibility as president to ensure that, now and
long into the future, America has a strong domestically owned and
operated steel industry that can continue to power our national sources
of strength at home and abroad; and it is a fulfillment of that
responsibility to block foreign ownership of this vital American
company,” Biden stated at the time.
Additionally, GOP Senator David McCormick (R-Pa.) claimed on Tuesday
that the deal includes the majority of board members being from the
U.S., and that the U.S. federal government would have a “golden share.”
“It’s a national security agreement that will be signed with the U.S.
government,” McCormick stated. “There’ll be a golden share, which will
essentially require U.S. government approval of a number of the board
members and that will allow the United States to ensure production
levels aren’t cut.”
Despite Trump’s announcement, the president has until next Thursday
to finalize and approve the deal, following a second review from the
Committee on Foreign Investment in the U.S. which occurred last week,
according to Reuters.
“I am aware of the various reports and posts by President Trump on
social media. However, there has not yet been an official announcement
from the U.S. government,” stayed Japanese trade negotiator Ryosei
Akazawa on Friday.
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