Versions :<12345678910Live>
Snapshot 6:Wed, Jun 4, 2025 7:03:10 PM GMT last edited by Brian

US Doubles Steel, Aluminum Tariffs to 50% Amid Trade War

US Doubles Steel, Aluminum Tariffs to 50% Amid Trade War

Above: President Donald Trump applauds as he comes to address at US Steel - Irvin Works in West Mifflin, Pennsylvania, on May 30, 2025. Image copyright: Saul Loeb/Contributor/AFP via Getty Images

The Spin

TheseDoubling steel tariffs arewill essentialdevastate formanufacturing nationaljobs security and protectingraise Americancosts workersfor fromconsumers unfairacross foreignmultiple competitionindustries. ChinaFor andevery othersteel countriesjob floodsaved, thedozens globalare marketlost within subsidizedsectors steel,like makingautomotive itand impossibleconstruction forthat USdepend producerson toaffordable compete fairlymetals. AtThis 50%,protectionist foreignapproach competitorshurts can'tthe jumpbroader overeconomy thewhile fencebenefiting anymore,a ensuringfew American steel jobs stay in Americabarons.

Metaculus Prediction

There is a 50% chance that the effective US tariff rate on goods being imported into the United States will be 9.37% at the end of 2026, according to the Metaculus prediction community.


The Controversies



Go Deeper


Articles on this story

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Sign Up!
Sign Up Now!