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Trump announces 50% tariff on imported steel

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President Donald Trump announced higher tariffs on imported steel Friday.

The president made the announcement during a visit to Pittsburgh.

“That means no one is going to be able to steal your industry,” Trump said. “At 25%, they can sort of get over that fence. At 50%, they can no longer get over the fence.”

In February, Trump announced 25% tariffs on steel and aluminum imports. He doubled that on Friday to 50%.