According to the President, the doubling of customs protects the country’s steel industry.
US president Donald Trump plans to double the steel import duties to 50 %. Trump reported a local time on Friday when he visited Pennsylvania at the US Steel factory.
According to Trump, doubling customs will further ensure the country’s steel industry. According to the White House, the change will take effect next week.
– Next week, steel customs fees will be raised from 25 % to 50 % to further protect the US steel industry from foreign influence and unfair competition. America first, the white house wrote Message Service in X.
After returning to the White House in January, Trump has set steep customs fees for US trading partners. Later, however, he has frozen customs. The scoring customs policy has influenced the market worldwide.
For steel and aluminum, Trump ordered 25 % duties in March.