Trump plans to raise tariffs on steel and aluminum to 50%.

President Donald Trump announced a significant increase in steel and aluminum tariffs from 25% to 50% during a visit to a U.S. Steel factory in Pittsburgh, set to take effect on Wednesday. This move, aimed at bolstering the U.S. steel industry, comes despite a recent court ruling against some of his tariffs. Trump also celebrated Japan-based Nippon Steel's acquisition of U.S. Steel, emphasizing that it will remain American-owned, and promised workers a $5,000 bonus while highlighting a $2.2 billion investment in the Pennsylvania plant.