US to extend metal import tariffs to 50%

US President Donald Trump has introduced the US will double its present tariff charge on metal imports from 25% to 50%.

Talking at a rally in Pittsburgh, Pennsylvania, Trump stated the transfer would assist enhance the native metal business and the nationwide output, whereas lowering reliance on China.

Trump additionally stated that $14bn could be invested into the world’s metal manufacturing by a partnership between US Metal and Japan’s Nippon Metal. Particulars on the partnership are nonetheless unclear, although Trump has been touting the deal he’d made.

The announcement is the newest flip in Trump’s rollercoaster method to tariffs since re-entering workplace in January.