Trump announces 50% steel tariffs when visiting a plant in Pennsylvania | International
Donald Trump’s tariff mania continues. The President of the United States concludes the week’s work for the judgment of his trade policy to double his bet. During a plant visit from US Steel Company, Trump has announced that it will double 50% of import tariffs.
The President made the statement when he was Japanese Group Nippan Steel is going to authorize Centenial Company’s sales. The President performs this as “alliance”, but not overcome the details of the operation. Despite the transaction, Trump said to workers: “Your company will continue to be American.” Republican allegations suggested that Trump Setting one Gold action To maintain the United States control, But it is not known what powers will give. Trump said in the campaign It does not allow the company to be sold to Nippon Steel.
“Today we are here to enter into a supernatural deal, which confirms that this historic American company is American,” Trump told workers. Trump said these 50% tariffs on imported steel would further confirm the steel industry in the United States.
Trump’s welcome gift to Nippan Steel is the increase in tariffs. “I think this group of people who have made these investments is currently very happy, because no one can steal their industry,” Trump said. “This is 25%, they can overcome that obstacle, but at 50% they can no longer do it,” he said, in a new defensive order received between workers’ cheers.
Trump 25% of tariffs on steel and aluminum import They entered the force in March so that the declared measurement would duplicate them. According to the Price Index of Government Producers, the price of steel products has increased by about 16% since the Presidency Foman has been deployed. The rise in tariffs announced by Trump further increases prices. Tariffs benefit less competitive, but hurt their products for eating. Together, they have productivity and growth.
Employees in Mon Valley Works -Steel Mon Valley turned to Trump in their speech, visited the president’s facilities, refused to keep a mandatory protection helmet, and later took the stage, where some workers came with him a few times.
The big steel bovins of the plant were part of the scene, including the “golden age”, in relation to the economic boom, according to him, which causes their policies, which have now stopped the economy, with big banners with “American steel” and “US Jobs” slogans.
The United Steel Workers Union systematically rejected the sale of the American company to the Japanese group. “Allowing US Steel to be sold to Nippon, a company that repeatedly violated commercial standards, would be a disaster for the future of our national security and US manufacturing industry.” Suggested in a statement after the plans were known Trump to authorize the operation.
In Another statement this week, The union believes that Trump’s statement left more questions than answers and that the group was distrustful that it was an American property. “Nippon continued to invest only in the facilities of the US steel if he was the perfect owner of the company. We have not seen anything in the last days I suggested that Nippan changed the posture.”
The President is expected to buy his support with tariffs. “There is a lot of money,” he told the workers. Trump says United States Steel workers will get a bonus of $ 5,000 soon.
He told the metal employees that he would be used to increase steel production at 2.2 billion in $ 14,000 million promised to invest as part of the deal. Trump said it would be used to modernize the STEM, to expand mineral extraction and build new facilities in Indiana, Minnesota, Alabama and Arkansas.
“In Washington, I see, and this is very good,” Trump said.
(News at the last minute. There will be update soon)
