Analysts warn that steel prices may increase due to the new 50% tariffs
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 31 2025Tariff Increase Announcement: President Trump announced a significant increase in tariffs on imported steel from 25% to 50%, aiming to protect the U.S. steel industry and prevent foreign competition from undermining American jobs.
Impact and Industry Response: While Trump claims that previous tariffs saved the steel sector, analysts warn that higher tariffs could lead to increased prices for steel, affecting construction and manufacturing industries, as well as the overall economy.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
