“A strong steel industry is not only a matter of dignity, prosperity and pride. It is primarily a matter of national security,” he said in referral to the agreement between US Steel and Nippon Steel.
US President Donald Trump announced on Friday that the rates for the steel imports will increase from 25 % to 50 % last March.
“We are going to rise from 25 % to 50 % rates for steel in the United States, which will guarantee even more industry in the country,” the president said in a rally in an American steel factory in the city of Pittsburgh (Pennsylvania).
The Republican leader celebrated that the audience of the event, full of employees from this industry, understands the word better than the people of Wall Street “, and pointed out that” rate “is his fourth favorite word after” God, wife and family “.
According to the president, he initially thought of increasing these levies to 40 %, but Industry -leaders asked him to rise to 50 %.
Trump’s announcement takes place only one day after a court of appeal has lifted the blockade of the International Trade Court with a large part of Trump’s tariff policy on imports from different countries.
This block would not have influenced steel levies, but that announced on 2 April, which consist of a worldwide rate of 10 % for almost all American commercial partners.
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In the Rally in Pittsburgh, the president focused on celebrating the alliance on which he gave the green light on 23 May between Japanese steel Nippon Steel and the American American steel.
The president insured that day that this agreement, which was blocked on 3 January by the then President Joe Biden, would create at least 70,000 jobs and would contribute $ 14,000 million to the US economy.
Trump said before the decision of Biden, that he opposed the operation frontal, but after his return to the White House and receiving in February, the Japanese prime minister, Shigeru Ihiba, was favorable for the fact that Nippon Steel can acquire a limited participation in the American giant, unless.
This Friday the president said that the Alliance “will ensure that this historic American company remains American” and said that “Japan has been a good friend” during his years as president, referring to his previous term.
“A strong steel industry is not only a matter of dignity, prosperity and pride. It is primarily a matter of national security,” he said.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
