Trump claims to raise import steel tariffs to 50% starting from June 4th

BlockBeats News: On May 31st, local time on May 30th, US President Trump announced at a rally in Pennsylvania that he would raise tariffs on imported steel from 25% to 50%. Subsequently, Trump posted on social media platforms that the decision would take effect from June 4th. The White House announced on social media on the same day that "to further protect the US steel industry from foreign and unfair competition, starting next week, the US import steel tariffs will be increased from 25% to 50%." (CCTV News)