By coinnews 
00:00 Speaker A
So soon after initially taking office, I imposed powerful 25% tariffs on all foreign steel and ended each and every one of the Biden exceptions and exclusions. And today, I have a major announcement. And are you ready to hear this?
00:36 Speaker A
This is on behalf of Scott, Secretary of Treasury, Howard Letnick, Secretary of Commerce, and all of the great geniuses and people we have working, and they are smart, but I don’t think you’d be a good steel worker, Scott. I’m sorry.
01:07 Speaker A
We’re going to have to put a little more muscle content into that guy. But he’s great. He’s great at what he does. We are going to be imposing a 25% increase. We’re going to bring it from 25% to 50%, the tariffs on steel into the United States of America, which will even further secure
02:22 Speaker A
the steel industry in the United States. Nobody’s going to get around that. So we’re bringing it up from 25%. We’re doubling it to 50%. And that’s a loophole. And by the way, I have to tell you, I believe that this group of people that just made this investment right now are very happy because that means that nobody’s going to be able to steal your industry. It’s at 25% they can sort of get over that fence. At 50% they can no longer get over the fence. So, congratulations to everybody and to you for making a great deal. You just made a better deal, right?
04:18 Speaker A
I said to the group, would you rather have a 40% increase? Because I was thinking about 40 when I came. I said, would you rather have a 40% or a 50%? They said we’ll take 50. I said, I had, I had a feeling you were going to say that.