The president has ratcheted up the rate on foreign metals to 50 percent, double the previous rate, saying the levies weren’t high enough to help the U.S. industry.
Companies that import steel for their products will now pay higher costs as a result of President Trump’s latest increase of tariffs on foreign steel and aluminum.
On a visit to a U.S. Steel plant in Pennsylvania on Friday, Mr. Trump said he would double to 50 percent the tariffs he had imposed on foreign steel and aluminum earlier this year, effective June 4.
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