Market Segment
May 30, 2025
Trump says Section 232 tariff on steel, aluminum to double to 50% at Pennsylvania rally celebrating Nippon-USS deal
Written by Stephanie Ritenbaugh
President Trump announced higher tariffs on steel and aluminum imports into the United States at a rally on Friday celebrating a “planned partnership” between U.S. Steel and Nippon Steel,
Specifically, Trump said he would double Section 232 tariffs on imported steel from 25% to 50%. He added in a social media post that the move also applied to aluminum. The president said the higher rates would go into effect on Wednesday, June 4.

