By doubling the levies, foreign companies ‘can no longer get over the fence,’ Trump said.
WASHINGTON—President Donald Trump’s 50 percent tariffs on steel and aluminum went into effect at midnight on June 4, following through on last week’s announcement at a U.S. Steel facility.
The measure, enacted through an executive order signed on Monday, doubles the previous 25 percent rate and is intended to boost domestic production.
Original News Source Link – Epoch Times
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