May 31st, 2025
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Donald Trump said he will make taxes on steel from other countries higher, to help steel workers in Pennsylvania.
Later, he wrote online that the price of aluminum would also go up to 50%. He said both price changes would start on Wednesday.
Trump spoke at a steel factory near Pittsburgh. He said a company from Japan will put money into the American steel company. More details will come later.
Trump is back in Washington. He told reporters he must agree to the deal.
I need to say yes to the last paper for the Nippon deal, but I don't have it. They will spend a lot of money, he said.
Trump first said no to Japan buying U.S. Steel. But then he said yes. Now, Japan can own part of U.S. Steel.
We don't know if the deal is finished. We also don't know who will own the company. Nippon Steel still wants to buy U.S. Steel. They will give more money to U.S. Steel factories. They will not fire workers or close factories. They want the government to say yes to the sale.
Today, we are here for a big deal. This deal will help this old American company stay American, Trump said. He was at a U.S. Steel building. "You will stay American, yes?"
Trump talked about taxes on steel from other countries. He said that if these taxes are bigger, it will help the steel business in the U.S. But this big change could make prices go up a lot.
Steel costs 16% more now. This started in January when Trump became president. The government said this.
In March 2025, steel cost $984 in the USA. This was more money than in Europe ($690) or China ($392). The USA made a lot of steel last year. It also bought some steel from other countries. Canada, Brazil, Mexico, and South Korea sold the most steel to the USA.
People say that new taxes helped steel companies in the US. A company from Japan wanted to buy a US steel company because of this.
The steelworkers did not believe it.
David McCall said the union is worried. He thinks the deal is bad for the country, the workers, and their towns.
Trump said the company will stay American. It is important for the country's cars and safety.
Trump wants to make new deals and bring new jobs to the U.S. He also wants to make the people happy who voted for him, especially the workers.
U.S. Steel did not tell its investors about a new plan. Nippon Steel said they like the idea to work together, but they also did not tell the details.
Some politicians say Nippon wants to buy U.S. Steel. Nippon will spend a lot of money on U.S. Steel's factories in many states. Most of the people who lead the company will be American. The U.S. government can stop important decisions.
The workers in the union had different ideas about Nippon Steel buying the company. But now, they think it is okay. They believe U.S. Steel would close their factories near Pittsburgh.
Clifford Hammonds works at the plant. Trump spoke there. Clifford said the deal will help the old plant get better. It will also help them make more things.
"We are using money to fix the factory. It is old and broken. We don't make enough things here. We need to fix the machines."
This is very important for Trump. Last year, he said he would stop the deal. He did not want a company from another country to own U.S. Steel. Biden also said this.
Trump said he would help American factories. Now, a big steel company is in trouble. This could be bad for his party in states where many people work in factories.
Trump said on Sunday he will not agree to the deal if U.S. Steel is not American. He said the company will stay in Pittsburgh.
The president finished talking on Friday. He said thank you to the steel workers.
He said, "You help us. We will make our own metal and energy. We will make our future safe. We will build our country. We will use Pennsylvania steel to build America again."
Trump and other U.S. leaders talked about Nippon Steel. The company wants to spend more money. They will build a new steel factory in the U.S.
On Friday, some U.S. Steel workers were with him on stage. Jason Zugai was one of them. He is a leader at the Irvin factory. They want Nippon Steel to buy U.S. Steel.
Zugai's father lost his job. Zugai talked to important people. He wanted them to help the steel company. He thought the company would close if they did not help.
Zugai told Trump, "I knew you would help us." He also said Nippon Steel will put $14 billion into making steel in the U.S. He thinks this is "very important."
May 31st, 2025
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