{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64d53bc8af8fd800117b9642/683cdf12708e9fc9b40223c4?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Trump Explains Reasoning Behind Doubling Steel, Aluminum Tariffs—But Critics Issue Warnings Over ‘Reckless’ Move","description":"<p>President Donald Trump announced on Friday that he plans to double the tariffs on steel and aluminum imports—increasing the charge from 25% to 50%.</p><p><br></p><p>The tariff escalation comes at a precarious time, as Trump’s “reciprocal” tariffs are immersed in legal trouble at the court level and many U.S. businesses are struggling to contend with the back-and-forth nature of the levies.</p><p><br></p><p>Trump’s announcement also coincides with the “blockbuster” agreement between U.S. Steel and Japanese steel company Nippon, a deal which he promised will include no layoffs and the steelmaker will be \"controlled by the USA.\"</p>","author_name":"Daily SumUp"}