Trump: US to double steel import tariffs to 50%

President Donald Trump says the increase in tariffs will protect America's steel industry, along with an expected partnership with Japan.

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Speaking at a rally in Pittsburgh, Pennsylvania on Friday, Trump said the move would help boost the local steel industry and national supply, while reducing reliance on China.

Trump also said that $14bn would be invested in the area's steel production through a partnership between US Steel and Japan's Nippon Steel, though he later told reporters he had yet to see or approve the final deal.

The announcement is the latest turn in Trump's rollercoaster approach to tariffs since re-entering office in January.

"There will be no layoffs and no outsourcing whatsoever, and every US steelworker will soon receive a well deserved $5,000 bonus," Trump told the crowd, filled with steelworkers, to raucous applause.