U.S. President Donald Trump holds up a chart of “reciprocal tariffs” while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. President Trump issued a 90-day pause on the tariffs, with the exception of China, on April 9.
Chip Somodevilla—Getty Images
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Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations, and vowed not to reduce production capacity…
