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Trump announces new steel plant project in Iowa

President Donald Trump announced a new steel plant project in Iowa, attributing its development to tariffs on steel imports. He discussed the project during a meeting in the Oval Office and expressed plans to campaign for local candidates in Iowa. Trump also addressed comments regarding potential arms sales to China and expressed surprise at the release of five men arrested near a U.S. air base in England.

Companies
Mesabi Metallics
People
Donald Trump Ashley Hinson David Perdue

President Donald Trump credited his steel tariffs for the planned opening of a new steel plant in Iowa. The president highlighted the 50% tariffs on steel imports he imposed last year as a driving factor for the plant, which will be built by Mesabi Metallics. "Our steel industry is roaring back to life. Everyone is building their plants here because they don't want to pay tariffs," Trump stated during an announcement in the Oval Office. He mentioned a $15 billion investment for the steel plant after discussing Iowa with Rep. Ashley Hinson, who is campaigning for the Senate. Trump expressed plans to hold a rally in Iowa to support local candidates. Trump has committed to campaigning in 35 competitive races leading up to the midterm elections, with a scheduled visit to Ohio to support Sen. Jon Husted. In response to a comment made by Ambassador David Perdue regarding a potential arms sale offer to Chinese President Xi Jinping, Trump stated he was unaware of the comment and suggested it might have been a reference to Taiwan instead. Additionally, Trump expressed surprise over the release of five British men arrested near a U.S. air base in England on explosives and terror charges, indicating he believed there might be a connection to Iran but chose not to elaborate. The men were released on bail while investigations continue.

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WATCH LIVE: Trump announces new steel plant project in Iowa

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Trump announces new steel plant project in Iowa