Iran’s Assembly of Experts appoints the son of the slain ayatollah as the country’s new Supreme Leader amid escalating confrontation...
Read More
International-News
Trump doubles tariffs on steel and aluminium: ‘The economic survival of the US is at risk’
From 4 June, tariffs on steel and aluminium will rise from 25% to 50%. Trump: ‘Countermeasures are essential to defend the American economy’
‘If other countries are allowed to impose tariffs on us and we are not allowed to quickly counter them with tariff measures, our country does not have even the slightest chance of economic survival.’ With these words, published on Truth Social, US President Donald Trump announced the imminent doubling of tariffs on steel and aluminium.
Starting on Wednesday, 4 June, the rates will go from 25% to 50%. According to Trump, this measure will give new momentum to domestic industry and protect American workers. ‘It is a great honour for me to increase tariffs. Our steel and aluminium industries are returning to normal like never before,’ said the tycoon.
The announcement came after a speech he gave last Saturday at a U.S. Steel plant near Pittsburgh, Pennsylvania. ‘We will impose a 25% increase, bringing tariffs on imported steel to 50%,’ Trump said to applause from the audience.
The president explained that he had initially considered an increase of up to 40%, but industry executives had asked him for a higher threshold: ‘At 25%, they can still overcome the barrier. At 50%, no one can overcome it.’
The new tariffs are part of the White House’s broader plan to rebalance the US trade balance and reduce dependence on foreign supplies, particularly from China, the world’s leading exporter of steel and aluminium.
THE LATEST NEWS
Putin says the crisis in Ukraine is a systemic Western mistake
8 Marzo 2026
Russian president blames Western countries for the war as fighting continues and new attacks are reported across Ukraine and Russia...
Read More
Ninth day of the war in Iran: airstrikes hit Tehran oil facilities
8 Marzo 2026
New overnight strikes by the United States and Israel target Iran, while attacks and casualties are reported across the region,...
Read More
Iran attack in Bahrain, Qatar, and the UAE, defies presidential ceasefire
7 Marzo 2026
Iran’s Revolutionary Guards claim responsibility for a strike on a US military installation in Bahrain, contradicting President Pezeshkian’s announcement of...
Read More
Iran president apologizes to neighbors, but Revolutionary Guards continue attacks
7 Marzo 2026
Masoud Pezeshkian apologizes to neighboring countries and promises to halt strikes unless attacks originate from their territory. However, Iran’s Revolutionary...
Read More
Operation Epic Fury costs the United States nearly $1 billion a day
6 Marzo 2026
A CSIS analysis highlights the financial burden of the U.S. military campaign against Iran during the first days of the...
Read More
(Photo: © AndKronos)
