08:33 (23:33)โขSteel Tariffs Double to 50%
โจThe newspapers report on Trump's escalation of steel tariff policy, announcing a doubling of import duties from 25% to 50% during a speech at US Steel's Pennsylvania facility (Japan Times, Nikkei Shimbun, Yahoo News Japan). This represents a significant intensification from previous coverage of US-Japan tariff negotiations, with Trump explicitly linking the increase to supporting the Nippon Steel-US Steel partnership. The timing remains unspecified, and whether aluminum products will face similar increases is unclear. This development follows earlier reports of Japan-US agreements for continued tariff discussions before the June G7 summit, covering economic security and rare earth minerals (Nikkei Asia). Speculation continues regarding Xi Jinping's potential retirement as early as this summer (Japan Business Press).