U.S. President Donald Trump said on Friday he planned to double tariffs on steel and aluminium imports to 50% from 25%, starting from Wednesday, ratcheting up pressure on global producers and deepening his trade war.

President Donald Trump travels to Pittsburgh Friday to celebrate a deal he once vowed to oppose - Japanese steelmaker Nippon Steel’s long-announced plans to buy iconic American steelmaker US Steel.

A planned merger of the Japanese and American giants, announced in 2023, has traveled through an election, two presidents and strong union opposition.

The bulk of expenditures would be made in the next 14 months, he said, and it will create and save over 100,000 American jobs, including 14,000 in Pennsylvania. As part of the deal, U.S. Steel will maintain all its current operating blast furnaces at full capacity for at least the next 10 years.

Gary Mayor Eddie Melton has been supportive of a deal between Nippon and U.S. Steel for months, citing how it would benefit Gary Works. In August, it was announced that Nippon Steel would invest $300 million into the local facility. A Nippon executive later said the company would invest $1 billion into Gary Works.

Mr. Trump celebrated what he calls a partnership between U.S. Steel and Japan-based Nippon on Friday, sharing details about commitments in the partnership and increased tariffs on imported steel.

President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.

Strictly speaking, any type of special or dual-class share structure that offers more voting power to a bloc is a version of a golden share. What the White House has in mind, however, seems to be more targeted for the deal-making attempts between U.

Iron ore fell to its lowest level since early May alongside equity markets after President Donald Trump said he would double tariffs on steel and aluminum to help protect American workers.