Trump promises to hike steel and aluminum tariffs to 50% starting Wednesday. Here's what we know

Politics

Trump promises to hike steel and aluminum tariffs to 50% starting Wednesday. Here's what we know

Wyatte Grantham-Philips

Associated Press Published: June 3, 2025 at 6:16 PM Tags: Donald Trump , U.S. news , Politics , Matt Meenan , David McCall , Business President Donald Trump talks to workers as he tours U.S. Steel Corporation's Mon Valley Works-Irvin plant, Friday, May 30, 2025, in West Mifflin, Pa. (AP Photo/Julia Demaree Nikhinson) (Julia Demaree Nikhinson, Copyright 2025 The Associated Press. All rights reserved.)

NEW YORK – U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home bui