Trump's Shock Tariff Hike: Doubling Steel Duties to 50%

Trump Doubles Steel Tariffs: A Move to Protect American Industry? On May 31st, 2025, former President Donald Trump announced a significant increase in tariffs on steel imports to the United States. The move, which doubles tariffs from 25% to 50%, has sparked renewed debate on trade policy and its impact on both American businesses and international relations. Trump stated, "We're 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," emphasizing his aim to bolster the domestic steel industry. The decision is likely to affect numerous countries exporting steel to the US, potentially leading to trade disputes and economic repercussions. Experts are divided on the long-term effects, with some arguing that it will protect American jobs while others warn of increased prices and reduced global trade.