Trump news at a glance: Surprise doubling of steel tariffs risks global market turmoil – again

The US president told steelworkers he was planning to double the tariffs to 50%. Key US politics stories from Friday 30 May at a glance

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."