US President Donald Trump doubled tariffs on steel to 50 per cent this week. He’s also allowing Japan’s Nippon to buy the US Steel Corporation. The moves are meant to bring back manufacturing to America’s steel industry. But will they? FT senior trade writer Alan Beattie and Zehra Munir, the FT’s industrial reporter, discuss whether Trump can make good on a popular promise.
Mentioned in this podcast:
It’s always steel — tariffs provide Trump with a familiar trade weapon
Donald Trump’s US Steel gamble: Pennsylvania workers warm to Nippon tie-up
Sign up for the FT’s Trade Secrets newsletter here
Sign up for the FT’s Swamp Notes newsletter here
Swamp Notes is produced by Katya Kumkova, Henry Larson and Lauren Fedor. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.
CREDIT: The White House YouTube channel
Read a transcript of this episode on FT.com
View our accessibility guide.
