JUST IN: President Trump Announces He Is Doubling Steel Import Tariffs From 25% to 50% (VIDEO)

President Trump on Friday announced he is doubling steel import tariffs from 25% to 50%.

Trump made the announcement during a rally at U.S. Steel’s Irvin Works plant in celebration of a new deal entered into between the American steel manufacturer and Japan’s Nippon Steel.

“We are going to be imposing a 25% increase. We’re going to bring it from 25% to 50% — the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States.