May 31st, 2025
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Donald Trump said he will make taxes on steel from other countries bigger, to help steel workers in Pennsylvania.
Later, he wrote on Truth Social. He said the tax on aluminum will also be 50%. He said these changes will start on Wednesday.
Trump talked at a steel factory near Pittsburgh. He said a company from Japan will put money into the American steel company. They will tell us more later.
Trump said he must agree to the deal. He said this after he came back to Washington.
He said, "I must say yes to the last plan with Nippon. We don't have it yet. But they said they will do a lot and spend much money."
Trump first said no to a Japanese company buying a U.S. steel company. But then he changed his mind. Now, the Japanese company can own some of the U.S. company.
We don't know if the deal is finished. We 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.
Today, we are here for a big deal. This deal will help this old American company stay American,
Trump said a bigger tax on steel from other countries will make the steel business in the U.S. safer. But prices could get much higher.
Steel is 16% more expensive now. This started when Trump became president in January. The government said this.
In March 2025, steel cost $984 in the USA. In Europe, it cost $690, and in China, it cost $392. Last year, the USA made much more steel than it bought from other countries. Canada, Brazil, Mexico, and South Korea sold the most steel to the USA.
New taxes helped steel companies in America. Nippon Steel wanted to buy U.S. Steel because of this.
The Steelworkers group was not sure.
David McCall said the union is worried. He said a foreign company buying U.S. Steel is not good for the country. It is also not good for the workers and their towns.
Trump said the deal will keep the company American. This is good for American businesses, like car factories, and for keeping the country safe.
Trump wants to make new deals and bring money to the U.S. He also wants to make the people happy who voted for him, like workers in factories. He promised to help U.S. factories.
U.S. Steel did not tell anyone about the new plan. Nippon Steel said they liked the plan, but they did not share the details.
Nippon wants to buy U.S. Steel. Nippon will put a lot of money into U.S. Steel factories in some states. Most of the people who lead the company will be from America. The U.S. government can stop the deal if it needs to.
The steelworkers in the union first had different ideas about Nippon Steel buying the company. But now, more of them think it is good. They believe U.S. Steel will close their factories near Pittsburgh soon.
Clifford Hammonds works at the plant. Trump talked at the plant. Clifford said the deal will help make the old plant better and make more things.
"We are using money to fix the factory. It is old and broken. We can't make enough things because it is old. We need to fix the machines," said Hammonds.
This is very important for Trump. Last year, he said he would stop the deal. He also said people from other countries cannot own U.S. Steel. Biden said the same thing.
Trump said he would help American factories. U.S. Steel was a very big company. If it has problems, it could be bad for his party in the next election in Pennsylvania and other states with many factories.
Trump said no to the deal. He wants U.S. Steel to stay American. He said its main office will stay in Pittsburgh.
The president finished talking on Friday. He said thank you to the people who work with steel.
He said, "You will help us. We will make our own metal and power. We will make our country strong. We will use Pennsylvania steel to build America.
Trump and other US leaders are talking about Nippon Steel. This company wants to put more money in the US. They want to build a new steel factory. It will use electricity. They already offered a lot of money.
On Friday, some steel workers were with him on stage. They work at a steel factory. They want Nippon Steel to buy U.S. Steel.
Zugai's father lost his job. Zugai talked to important people. He asked 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 that Nippon Steel wants to spend $14 billion to make steel in the U.S. This is very important.
May 31st, 2025
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