US President Donald Trump said on Friday in Pennsylvania in the US Steel plant that he would double the import duties per steel to 50 percent. He also emphasized the “partnership” between the US steel manufacturer and the Japanese company Nippon Steel, Informs TASR based on AP and AFP reports.
“We will increase steel duties to the United States from 25 percent to 50 percent, which will further provide the steel industry,” said Trump. “No one will avoid it,” he added.
Trump in a speech before the employees of the plant in Pennsylvania He also declared that the word “duty” is his “absolutely most popular word”, cites DPA.
US President shocked markets when on Friday 23. May announced a partnership among US Steel Group US Steel and Japanese company Nippon Steel. The President then stated that this partnership It will create at least 70,000 jobs and the US economy will bring $ 14 billion, Most investments take place in the next 14 months.
Trump’s administration justified existing steel duties as a precaution to protect national security, Reminds DPA.
According to the Government Index of Manufacturers’ prices The price of steel products has increased by approximately 16 percent from the accession of Trump to the Presidential Office in January this year, supplies AP.
