Trump Plans to Double U.S. Steel Tariffs
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 31 2025Trump's Tariff Announcement: Trump plans to double steel tariffs from 25% to 50%, aiming to protect U.S. steelmakers, create 70,000 jobs, and invest $14 billion in the economy, while facing legal challenges and targeting foreign interests like Nippon Steel.
Market Reactions and Implications: The tariff increase may lead to increased volatility in global markets and cryptocurrencies, with analysts warning of potential negative impacts on trade and economic stability, as well as shifts in investor strategies.
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.
