HARRISBURG, Pa. (AP) — President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.S.-control.

In a speech to U.S. steelworkers on Friday, President Donald Trump said he will increase tariffs on imported steel to 50%. “We are going to be imposing a 25% increase. We’re going to bring it from 25% to 50%, the tariffs on steel into the United States of America,” Trump said.

Japan’s Prime Minister Shigeru Ishiba plans to visit the US before the G7 summit to secure a better trade deal.

Japan's chief tariff negotiator said Sunday that his U.S. counterpart had not touched on President Donald Trump's decision to double

Tokyo to ‘closely watch the specific details of the measures that will be revealed in the future,’ says Japan's top tariff negotiator - Anadolu Ajansı

Mr. Trump celebrated what he calls a partnership between U.S. Steel and Japan-based Nippon on Friday, sharing details about commitments in the partnership and increased tariffs on imported steel.

Nippon Steel Corp (NPSCY) (NISTF), the Japanese firm locked in a prolonged battle to acquire U.S. Steel (X), announced plans on Friday to invest 869 billion yen ($6 billion) domestically to boost production using cleaner furnace technology.

Nippon Steel Corp., the Japanese company embroiled in lengthy battle to buy US Steel Corp., said it plans to spend 869 billion yen ($6 billion) at home to expand output from cleaner furnaces.

At the annual security forum in Singapore, U.S. Defense Secretary Pete Hegseth characterizes China as a threat. President Trump celebrates a partnership between Nippon Steel and U.S. Steel, but he's short on specifics.