JAKARTA - US President Donald Trump on Friday, May 31 announced a major increase in steel and aluminum import rates, doubling fares from 25 percent to 50 percent, which he described as a step to further protect America's domestic industry.
"Today, I have a big announcement," Trump said during a campaign at US Steel facilities in Pittsburgh, Pennsylvania, citing Antara.
"We will impose an increase of 25 percent. We will increase steel rates entering the United States from 25 percent to 50 percent, which will further secure the steel industry in the United States, no one will be able to outsmart this," Trump said.
He argues that this increase will close the gap that foreign competitors have been using to get past the previous tariff.
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"So, we increase it from 25 percent, we double it to 50 percent, and that closes the gap," he added.
Speaking to investors in the US steel sector, Trump said: "At 25 percent, they can still 'go over the fence'. But with 50 percent, they can no longer pass that 'market', so congratulations to everyone, and to you, on this incredible deal."
"I said, tariffs for me are the most beautiful words in the dictionary," Trump added.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
