Trump raises steel tariffs up to 50%!

A sharp decision regarding trade tariffs has been announced in the United States. Starting June 4, import duties on steel and aluminum will rise from 25% to 50%. Former President Donald Trump officially announced this during a speech at the US Steel plant near Pittsburgh.

“Our steel and aluminum industries are coming back stronger than ever. This news will be a BIG win for our brave industry workers. MAKE AMERICA GREAT AGAIN!”, Trump wrote on his Truth Social page after the speech.

Meanwhile, legal debates regarding these tariffs are still ongoing. The US Court of International Trade previously ruled that some tariffs imposed by Trump were illegal and that he did not have the authority to make such decisions independently.

In response, Trump’s lawyers quickly filed an appeal. As a result, the court's decision was temporarily suspended, and the tariffs remain in effect until at least June 9. However, these measures currently do not directly affect steel, aluminum, automobiles, and their spare parts. Read 'Zamin' on Telegram!