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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. Nobody’s going to get around that,” Trump said.

“At 25% they can sorta get over that fence,” Trump said. “At 50% nobody’s getting over that fence,” Trump said.

WATCH:

President Trump also announced a $5,000 bonus for every steelworker.

The steelworkers erupted in applause.

“It is my great honor to raise the Tariffs on steel and aluminum from 25% to 50%, effective Wednesday, June 4th. Our steel and aluminum industries are coming back like never before. This will be yet another BIG jolt of great news for our wonderful steel and aluminum workers. MAKE AMERICA GREAT AGAIN!” Trump said on Truth Social.

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