Trump announces plans to increase tariffs on steel imports from 25% to 50%

"We are going to be imposing a 25% increase," Trump said during a rally at a US Steel plant near Pittsburgh. "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."

Representatives for the White House did not immediately respond to a request for comment from Business Insider.

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