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Trump signs order hiking steel, aluminium tariffs to 50%

Josh Wingrove / Bloomberg
Josh Wingrove / Bloomberg • 3 min read
Trump signs order hiking steel, aluminium tariffs to 50%
US President Donald Trump cast the move, which takes effect at 12.01am Wednesday as necessary to protect national security. Photo: Bloomberg
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President Donald Trump has raised steel and aluminium tariffs to 50% from 25%, following through on a pledge to boost US import taxes to help domestic manufacturers.

Trump cast the move, which took effect at 12.01am Washington time on Wednesday, as necessary to protect national security.

An order signed on Tuesday said the previous charge had “not yet enabled” domestic industries “to develop and maintain the rates of capacity production utilisation that are necessary for the industries’ sustained health and for projected national defence needs.”

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