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Trump announces that he is doubling tariffs on steel into U.S. (Video)

On Friday in Pennsylvania, President Trump announced that "we are going to be imposing a 25% increase, from 25% to 50%, the tariffs on steel into the U.S., which will even further secure the steel industry in the U.S." CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.

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Trump announces that he is doubling tariffs on steel into U.S. (Video)

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Trump announces that he is doubling tariffs on steel into U.S. (Video)

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