Category: Tariffs

Trump announces 50% tariff on steel imports at Pittsburgh rally, celebrates Nippon Steel deal ‘creating and saving over 100,000 American jobs’

WEST MIFFLIN, PENNSYLVANIA - MAY 30: President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania. President Trump visits the steel factory after greenlighting the long-proposed merger between U.S. Steel and Tokyo-based Nippon Steel.(Photo by Jeff Swensen/Getty Images)
President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania. (Photo by Jeff Swensen/Getty Images)

OAN Staff Blake Wolf
5:49 PM – Friday, May 30, 2025

President Donald Trump announced that he would be doubling tariffs on steel to 50% during a Pittsburgh rally at U.S. Steel’s Irvin Works on Friday.

“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,” Trump stated.

President Trump also assured that the iconic American company, U.S. Steel, will remain an American owned company following an 18-month long effort by Nippon Steel, a Japanese steelmaker, to buy-out the company.

 

Trump proclaimed the deal would proceed, with Nippon Steel as a partial owner, but the U.S. would retain ultimate control.

“We’re here today to celebrate a blockbuster agreement that will ensure this storied American company stays an American company,” Trump continued, speaking to more than 1,600 people, including steel workers. “You’re going to stay an American company, you know that right? But we’re going to have a great partner.”

President Trump also boasted in a social media post last Friday that the deal with the Japanese company will include a $14 billion investment and will “create and save over 100,000 American jobs.”

“You’re going to be very happy,” he stated. “There’s a lot of money coming your way.”

Trump added that the megadeal includes “vital protections to ensure that all steel workers will keep their jobs and all facilities in the United States will remain open and thriving.”

Former President Joe Biden previously blocked the merger in January, citing national security concerns.

“It is my solemn responsibility as president to ensure that, now and long into the future, America has a strong domestically owned and operated steel industry that can continue to power our national sources of strength at home and abroad; and it is a fulfillment of that responsibility to block foreign ownership of this vital American company,” Biden stated at the time.

Additionally, GOP Senator David McCormick (R-Pa.) claimed on Tuesday that the deal includes a majority of board members being from the U.S., and that the U.S. federal government would have a “golden share.”

“It’s a national security agreement that will be signed with the U.S. government,” McCormick stated. “There’ll be a golden share, which will essentially require U.S. government approval of a number of the board members, and that will allow the United States to ensure production levels aren’t cut.”

Despite Trump’s announcement, the president has until next Thursday to finalize and approve the deal, following a second review by the Committee on Foreign Investment in the U.S., which occurred last week, according to Reuters.

“I am aware of the various reports and posts by President Trump on social media. However, there has not yet been an official announcement from the U.S. government,” said Japanese trade negotiator Ryosei Akazawa on Friday.

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Court’s halt on tariffs ‘stunning and surprising’: Judge Andrew Napolitano

On Thursday's "Wake Up America," Judge Andrew Napolitano discussed the next steps for President Trump after a federal court blocked tariffs imposed by his administration.

Appeals court temporarily reinstates Trump tariffs

U.S. President Donald Trump takes questions from a member of the media during a meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office of the White House on April 7, 2025 in Washington, DC. (Photo by Kevin Dietsch/Getty Images)

OAN Staff Abril Elfi
4:03 PM – Thursday, May 29, 2025

A federal appeals court in Washington, D.C., has temporarily reinstated President Donald Trump’s tariffs.

On Thursday, the U.S. Court of Appeals for the Federal Circuit announced that it would grant the Trump administration’s request for an immediate administrative stay “to the extent that the judgments and the permanent injunctions entered by the Court of International Trade in these cases are temporarily stayed.”

The Trump administration had previously told the court that it would be seeking “emergency relief from the Supreme Court if the tariff policy was not put on pause as soon as Friday.”

“The Supreme Court must put an end to this,” White House press secretary Karoline Leavitt said Thursday afternoon. “These judges are threatening to undermine the credibility of the United States on the world stage.”

“We are living under a judicial tyranny,” White House deputy chief of staff Stephen Miller wrote Thursday morning in response to the ruling, escalating his initial claim that “the judicial coup is out of control.”

On Wednesday night, the appeals court said the judgment issued by the Court of International Trade is “temporarily stayed until further notice while this court considers the motion papers.”

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Trump Calls On Walmart To ‘Eat The Tariffs’ Rather Than Raising Prices: ‘I’ll Be Watching’

WASHINGTON, DC - APRIL 07: U.S. President Donald Trump takes a question from a member of the media during a meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office of the White House on April 7, 2025 in Washington, DC. President Trump is meeting with Netanyahu to discuss ongoing efforts to release Israeli hostages from Gaza and newly imposed U.S. tariffs. (Photo by Kevin Dietsch/Getty Images)
U.S. President Donald Trump takes a question from a member of the media (Photo by Kevin Dietsch/Getty Images)

OAN Staff Blake Wolf
4:17 PM – Saturday, May 17, 2025

President Donald Trump called on Walmart to “eat the tariffs” rather than raising prices and blaming the Trump administration for price hikes.

“Walmart should STOP trying to blame tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!” Trump wrote in a Saturday morning Truth Social post.

Trump’s remarks came after Walmart CEO Doug McMillon suggested that the retailer might increase prices on general merchandise, largely sourced from China, due to the new tariffs.

 

“We’ll keep prices as low as we can for as long as we can given the reality of small retail margins,” the company told Reuters.

Walmart CFO John David Rainey echoed the company’s sentiment on Thursday, stating that “We have not seen price increases at this magnitude, at this speed at which they’re coming at us before, and so it makes for a challenging environment.”

Rainey also responded to the deal the Trump administration was able to agree to with China, lowering tariffs from a sky high 145% down to 30%.

Rainey stated that he is “pleased with the progress that’s been made by the administration on tariffs from the levels that were announced in early April, but they’re still too high.”

President Trump has maintained that a tariff policy incentivizes companies to manufacture products in the United States to avoid an overreliance on China, while also bringing factory jobs back to the U.S.

The recent tariff deal made with China lasts for 90 days.

“If I didn’t do that deal with China, I think China would have broken apart. We are not going to break up,” Trump stated on Friday. “Our country has a lot of spirit.”

President Trump previously met with McMillon to discuss the impact of tariffs on imported goods, with a Walmart spokesperson characterizing the meeting as “productive.”

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Press Secy. Leavitt Hits Back At Nancy Pelosi Over Resurfaced 1996 Video Amid China Tariff Debate

(L) White House press secretary Karoline Leavitt speaks during the daily press briefing in the Brady Press Briefing Room at the White House on April 08, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) / (R) File photo dated 08 May 1996 shows US Congresswoman Nancy Pelosi, D-CA, speaking during a Capitol Hill press conference. (Photo by J. DAVID AKE/AFP via Getty Images)

OAN Staff Abril Elfi
5:40 PM – Tuesday, April 8, 2025

On Tuesday, White House Press Secretary Karoline Leavitt threw shade at former House Speaker Nancy Pelosi, highlighting previous comments that the liberal former Congresswoman has made about tariffs.

Leavitt cited Pelosi’s (D-Calif.) previous position on tariffs, notably the United States’ trade deficit with communist China, from nearly 30 years ago — arguing that she should be delighted with the Trump administration’s “retaliatory tariff” imposed on China.

In a recently resurfaced video from 1996, Pelosi stood on the House floor and explained her reasons for retaliating against China economically, including the fact that China imposed an average tariff of 35% on all goods imported from the United States and only allowed about 2% of US exports to cross the border into the country. In exchange, the United States had imposed only a 2% tariff on Chinese imports and permitted one-third of the items manufactured in China to be imported. As a result of that gap, 10,000,000 Chinese jobs were supported by imports from the United States, while only 170,000 American jobs were supported by Chinese trade. That, she added, was an untenable “status quo.”

“On this day, your member of Congress could have drawn a line and said to the President of the United States, ‘Do something about this U.S.-China trade relationship that is a job loser for the United States,’” she said at the time.

During the briefing, Leavitt referenced the clip and perked up, saying: “Nancy Pelosi said, ‘How far does China have to go? How much more oppression? How big is the trade deficit? How many jobs have to be lost for American workers? How much dangerous proliferation has to exist before members of this House of Representatives will say, ‘I will not endorse the status quo?’”

“Well, President Trump is finally answering her call,” Leavitt continued. “Nancy Pelosi can thank President Trump today for the 104% retaliatory tariff that will be going into effect on China.”

VICTOR DAVIS HANSON: Don’t Be A ‘PANICAN’ Over Trump’s Tariffs, Wall Street

President Trump remains resolute in his tariff strategy, imposing a 125% tariff on China today and posting “Don't be a PANICAN (A new party based on Weak and Stupid people!)” on his Truth Social account. So, is the recent Wall Street drop rooted in facts—or fueled by fear and manipulation? Victor Davis Hanson breaks down the numbers, the history, and the media narrative behind the current economic anxiety on today’s episode of “Victor Davis Hanson: In His Own Words.” “ First term, Donald Trump, was he an enemy of Wall Street? Is there a better alternative? Did he crash the market? No. The market grew 65% under Donald Trump. “ If it’s not based on data points and it’s not based on what you could infer from his first term and it’s not based on his agenda in other areas or the world scene, what is it based on? It’s based on panic. It really is. “Part of it is fed by left-wing street theater and media hysterics, which they feel will help their counterparts, their soul mates in Europe, so they can put pressure on Donald Trump.”

‘PHENOMENAL’: Trump authorizes 90-day pause on tariffs effective immediately

Karoline Leavitt and Treasury Sec. address Trump tariff pause

Karoline Leavitt tariffs: White House press secretary Karoline Leavitt and Treasury Secretary Scott Bessent discuss the latest tariff news coming out of the White House. The announcement comes as President Trump issued a 104% tariff increase on China, with China responding with a 84% tariff of its own. Meanwhile, the Dow Jones Industrial Average spiked more than 1300 points on Wednesday afternoon, as markets continue to fluctuate worldwide as President Trump's tariffs and trade policies go into effect with major trading partners like China, Mexico, Japan, South Korea, Taiwan and Canada.

The Tariffs just took a MASSIVE turn…

SATAN just showed himself and Christians don't see it... Reaction! Max Lucado... what have you done?! Christian Reaction! The Demonic Dove Awards | For King and Country, Jordin Sparks... Christian Reaction! Depraved "Pastor" MOCKS God in Unthinkable Way.... United Methodist and The False Christian Church. How to Recognize a FALSE Church. T.D. Jakes recently gave his Woman Thou Art Loosed conference to his daughter Sarah Jakes Roberts and it was a major doctrinal disaster! Joel Osteen is the Motivational Speaker at Lakewood Church in Houston Texas. The END of Christianity in America Right Before Our Eyes? We are seeing an attack on Christianity and Truth in America more severe than ever before. It is because we have Christian musicians and Christian Teachers that are unwilling to stand for TRUTH. Most false teachers never share the whole gospel because it is not nice. That's why "feel good" teachers like Andy Stanley, Kenneth Copeland, Joyce Meyer, Steven Furtick, Joel Osteen, Rick Warren, Beth Moore, TD Jakes, Todd White and more are so dangerous. How to Share the Gospel and Apologetics. Mike Winger, John MacArthur, Voddie Baucham, Paul Washer, Wretched Radio, Todd Friel, Ray Comfort of Living Waters and many other Christian leaders have great videos on Biblical Truth! This is a Christian reaction video where I react to current events.

Trump’s Tariffs and the Great Depression: Victor Davis Hanson

In this weekend's episode, Victor Davis Hanson and cohost Sami Winc examine the recent tariff policy, the Liberation Day speech, the Great Depression and current economic policy, and Gavin Newsom's machinations and the no-alternative Democrats.

Left’s Legacy on Law: Leaking, Breaching, Freaking

Description: In this episode, Victor Davis Hanson and co-host Jack Fowler provide an update on the Goldberg leak, Trump’s messaging, Greenland, AI video’s, California’s water projects and regulations, Judge Boasberg, South Dakota ranchers fight the feds, and the question of China’s ascendence.

Tariffs Could Still Go Up From Here: Commerce Secretary Lutnick

Commerce Secretary Howard Lutnick said foreign nations will need to address a host of regulatory and other policies limiting imports of American products in order to secure relief from President Donald Trump’s new reciprocal levies. “These non-tariff trade barriers, they are the monster that needs to be slayed,” Lutnick said in an interview on Bloomberg Television and Radio. “Our teams are talking to all our great trading partners today,” he said. “It is time for them to do some deep soul searching on how they treat us poorly and how to make it right.” Offering specific examples of non-tariff barriers, the Commerce chief said that in the European Union some countries use the region’s 20% value-added tax to subsidize their own manufacturers’ production. Economists at the Council of Economic Advisers and staff at the U.S. Trade Representative’s office have pored over foreign nations’ trade barriers for decades, and that analysis formed the basis for the levies Trump announced Wednesday, Lutnick said. He also offered the example of a 2012 trade deal with South Korea, which involved the US letting Korean cars into its market, with Seoul agreeing to import American agricultural products. Nevertheless, McDonald’s Corp. was unable to bring in french fries because it was deemed to have shown the origin of the potatoes, he said. “You don’t understand the scale and depth of how they keep our products out,” Lutnick said. Asked about the sell-off in equities since Trump unveiled the reciprocal tariffs Wednesday afternoon, Lutnick said the president’s focus is on addressing “the economic pain that the United States of America suffered over decades.” S&P 500 futures were down 3.6% as of 8:52 a.m. in New York, while the Bloomberg Dollar Spot Index fell 1.8% — to the lowest level since October. The Commerce chief also confirmed that the new 34% surtax on China stacks on top of previous levies, including the 20% Trump imposed earlier this year over alleged Chinese production of precursors for illegal fentanyl. “All they have to have is a phone call from President Xi to Trump saying we’re going to stop fentanyl production,” Lutnick said, putting the onus on President Xi Jinping. “And it would drop to 20%,” he said of the tariff rate.

Trump Brushes Off China’s Tariff Retaliation, Asserts His Policies Won’t Change

TOPSHOT - US President Donald Trump pumps his fist upon arrival at Miami International Airport on April 3, 2025. Trump is travelling to the Trump National Doral Golf Club before going to his Mar-a-Lago Resort. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
US President Donald Trump pumps his fist upon arrival at Miami International Airport on April 3, 2025. Trump is travelling to the Trump National Doral Golf Club before going to his Mar-a-Lago Resort. (Photo by MANDEL NGAN/AFP via Getty Images)

OAN Staff James Meyers
10:16 AM – Friday, April 4, 2025

President Donald Trump stood by his “Liberation Day” reciprocal tariff package on Friday, telling investors that his “policies will not change,” after China attempted to retaliate with a 34% tariff on U.S. goods.

In a string of Truth Social posts, President Trump maintained that his tariff move will withstand the current falling stock markets — which have gone down ever since he made the decision to implement the new tariffs.

“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” he wrote.

In an earlier post, the president also said: “THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE.

“THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!”

The newly incorporated tariffs established a 10% minimum base duty on foreign countries, and hit what he called “worst offender” countries at higher rates.

The 47th president slapped China with a 34% additional tariff in the Wednesday announcement, on top of a 20% tariff that was already in place.

Trump indicated on Thursday that he would be willing to negotiate with countries to bring the tariff rates down, but only if they “are giving us something that is good.”

“The tariffs give us great power to negotiate. They always have. I’ve used them very well in the first administration,” he told reporters aboard Air Force One.

Additionally, the Commander-in-Chief announced on Thursday that markets will come back stronger than ever following his tariff package, with the 10% tariff going into effect on Saturday and any higher tariff rates that kicked in on Wednesday.

He further stressed that Americans need to be patient during this time.

“I think it’s going very well. It was an operation, like what a patient gets operated on, and it’s a big thing,” Trump told reporters when leaving the White House.

“I said this would be exactly the way it is. We have $6 or $7 trillion coming into our country, and we’ve never seen anything like it. The markets are going to boom, the stock market is going to boom, the country is going to boom.”

The Trump administration applauded the latest jobs report on Friday — which came in higher than expected for the month of March.

“GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT’S ALREADY WORKING. HANG TOUGH, WE CAN’T LOSE!!!” Trump wrote on Truth Social.

Meanwhile, 72nd Secretary of State Marco Rubio acknowledged that “markets are crashing,” but that the U.S. economy is strong and will become much stronger once things settle.

“Markets are crashing because markets are based on the stock value of companies who today are embedded in modes of production that are bad for the United States. We have to reset the global order of trade,” Rubio said.

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The Patriot Nurse: Trump’s Tariffs-What Would the Founding Fathers REALLY Think?

In this video, Patriot Nurse dives deep into the clash between modern trade policies and the timeless perspectives of America’s Founding Fathers. We explore how figures like Alexander Hamilton, Thomas Jefferson, Patrick Henry, and even Abraham Lincoln might have reacted to President Trump’s tariffs. Through historical insights and contemporary analysis, discover whether these iconic leaders would support or oppose today’s industrial policies. Join the conversation as we break down the implications for our economy, labor, and national security—and ask yourself: are these tariffs a necessary step or a dangerous misstep?

The Impact of Tariffs on High Yield Dividend Stocks

In a massive intensification of his trade war, Donald Trump on Wednesday announced large additional tariffs after the market closed. These tariff amounts caught the world by surprise as they turned out to be much higher than what was expected. Trump declared 10% tariffs on all imports into the US, and even higher duties on items from roughly 60 nations and trading blocs that have a significant trade deficit with the US. This includes the new duties of 34% and 20% imposed on China and the European Union, respectively. The tariff rate on Beijing comes in addition to existing 20% tariffs on Chinese imports, meaning the tariff rate on China is 54%.

Israel Removes All Remaining Tariffs On United States Imports

U.S. Speaker of the House Mike Johnson (R-LA) (R) and Israeli Prime Minister Benjamin Netanyahu shake hands before delivering remarks following a meeting at the U.S. Capitol on February 07, 2025 in Washington, DC. (Photo by Kayla Bartkowski/Getty Images)

OAN Staff Brooke Mallory
1:14 PM – Tuesday, April 1, 2025

According to a joint statement released on Tuesday by the Finance Ministry, the Economy and Industry Ministry, and the Prime Minister’s Office — Israel has lifted all of its previous tariffs on United States goods.

The order to change the Trade Tariff and Protective Measures Order was approved by the Finance Committee and signed by Nir Barkat, Minister of Economy and Industry.

In 1985, the United States and Israel struck a free trade agreement that resulted in the complete exemption of almost all U.S. imports from tariffs.

“The joint statement clarified that, due to this, the tariff reduction will apply to a very limited number of products, primarily in the food and agricultural categories,” according to The Jerusalem Post, the oldest and largest English-language daily newspaper in Israel.

According to the statement, the strategic partnership between the two nations would grow if the remaining tariffs were lifted.

Israeli consumers would also profit from a possible drop in living expenses brought on by cheaper U.S. food and agricultural goods, the Israeli outlet continued.

“Canceling the tariffs on American goods is another step in the policy led by my government for over a decade to open the market to competition, introduce diversity into the economy, and reduce the cost of living,” Prime Minister Benjamin Netanyahu stated.

“In addition to the economic benefits for the economy and Israeli citizens, this move will further strengthen the alliance and ties between Israel and the United States. We will continue to work on reducing barriers and tariffs and reinforcing our special relationship with the United States,” he added.

Israeli Chairman of the Religious Zionist Party Bezalel Smotrich posted on X on Tuesday, praising the news.

Hebrew to English translation: “0% tariffs on imports from the U.S.! The current administration is a real opportunity to shape a new strategic economic future for countries, while strengthening the U.S.’s global leadership and Israel’s central role as an economic partner. I see great importance in deepening economic cooperation, promoting innovation, and strengthening financial and commercial ties between the countries, as recently stated by the U.S. and Israeli Treasury Departments. Lowering taxes will benefit the State of Israel and is in line with the government’s policy in the fight against the cost of living, and will even increase competition in the food sector.”

Economy and Industry Minister Nir Barkat, who previously served as mayor of Jerusalem between the years 2008–2018, chimed in with his own comments on the agreement as well.

“We will continue to strengthen the Israeli economy and the strategic ties between our countries. The cancellation of tariffs on imports from the United States is a complementary step to the longstanding trade relations between the two countries, which will promote additional economic cooperation in the future and lead to a reduction in imported product costs,” Barkat stated.

“We will continue working together to open new markets and create economic opportunities that will strengthen the Israeli economy and our solid partnership with the United States, while maintaining local production,” he continued.

However, the decision was met with opposition from others as well, notably from the Israel Farmers’ Federation — which argued that “this is a step that will bring disaster to local agriculture.”

Amit Yifrach, who chairs the federation and serves as Secretary General of the Moshav Movement, and Uri Dorman, the federation’s Secretary General, said in a joint statement that: “Particularly today, after October 7 [2023]… we must internalize the importance of agriculture to the last furrow and strengthen the farmers who live near the [Gaza] border.”

“There is no doubt that trade relations with the U.S. are important and appropriate, but we must ensure that we do not throw the baby out with the bathwater, harming food security and national security,” the joint statement continued.

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