President Donald Trump has dealt a blow to the Australian steel industry, with a pledge to double the existing tariff on steel imports.
The import tax will deal a heavy blow to the Australian steel industry, which exports close to a billion dollars worth of steel to the USA each year.
The president told Pennsylvania steelworkers he's doubling the tariff on steel imports to 50 per cent to protect their industry, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods.
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