Donald Trump said he was doubling tariffs on imported steel to 50% at a rally celebrating a “partnership” deal between US Steel and Japan-based Nippon Steel on Friday.
Speaking in front of an audience of steelworkers, the US president said: “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.”
The surprise announcement, which contained no further detail, was cheered by the crowd at a US Steel plant in West Mifflin, Pennsylvania. Trump added: “Nobody is going to get around that.”
He spoke after US markets closed for the weekend. But the increase, set to take effect next week, is likely to create fresh economic turmoil.
Here are the key stories of the day:
Trump announces 50% steel tariffs
The US president announced he was doubling foreign tariffs on steel imports to 50%, as he celebrated a “blockbuster” agreement for Japan-based Nippon Steel’s to invest in US Steel during a rally in Pennsylvania.
Surrounded by men in orange hardhats, Donald Trump unveiled the tariff rate increase as he spoke at a US Steel plant in West Mifflin, declaring that the dramatic hike would “even further secure” the US steel industry.
It was not immediately clear how the announcement would affect the trade deal with the UK, negotiated earlier this month, that saw tariffs on steel and aluminium from the UK reduced to zero.
Trump bids farewell to Musk – though not really
The president saw Elon Musk off from the White House on Friday, as the Tesla chief concluded his more than four months leading the so-called department of government efficiency’s disruptive foray into federal departments that achieved far fewer cost savings than expected.
Standing alongside Trump in the Oval Office, Musk – who faced a 130-day limit in his tenure as a special government employee that had ended two days prior – vowed that his departure “is not the end” of Doge.
Musk allegedly took lots of drugs while advising Trump
Elon Musk engaged in extensive drug consumption while serving as one of Trump’s closest advisers, taking ketamine so frequently it caused bladder problems and travelling with a daily supply of about 20 pills, according to claims made to the New York Times.
Golden Dome won’t be done by end of Trump’s term
The president’s so-called Golden Dome missile defence program – which will feature space-based weapons to intercept strikes against the US – is not expected to be ready before the end of his term, despite his prediction that it would be completed within the next three years.
Supreme court allows White House to revoke migrants’ protected status
The US supreme court on Friday announced it would allow the Trump administration to revoke the temporary legal status of hundreds of thousands of Venezuelan, Cuban, Haitian and Nicaraguan migrants living in the US, bolstering the Republican president’s drive to step up deportations.
What else happened today:
Catching up? Here’s what happened on 29 May 2025.
