President Trump has declared an increase in tariffs on steel from 25% to 50%. This substantial hike aims to protect American jobs and support domestic steel industries. CNBC’s Eamon Javers discusses this latest development. The implications for companies reliant on steel imports could be profound, potentially leading to increased prices for consumers. Investors should closely monitor the impacts of these tariffs across different sectors, particularly manufacturing and construction. Understanding these environmental shifts can guide strategic investment decisions moving forward.