Donald Trump has announced that he has doubled foreign tariffs on steel imports to 50% as he celebrated the “smash hit” agreement for Japan-based Japanese steel investing in American steel during a rally in Pennsylvania.

Surrounded by the orange hard hat man, Trump revealed the rise in tariff rates when he spoke at the US steel plant in West Mifflin, declaring that the dramatic hike would “make the US steel industry even safer.”

“No one is going to avoid that,” Trump said of the tariff hike from 25%. The announcement comes a day after a federal court of appeals temporarily granted Trump’s tariffs to effectively maintain a decision by the U.S. Trade Court that prevented the president from impose his duties.

In his remarks, Trump chanted “America!” chant, including protections for Japan’s investments to once again make American steelmakers “synonymous with greatness” and “ensure that all steel workers maintain their jobs and all facilities in the United States continue to thrive and open.”

There are few details released, but Trump told the steel workers in attendance that “there are a lot of ways you do it.”

“You said, ‘Please, sir, we don’t want this kind of success. That’s too much, sir,” the president said.

Trump has threw his full support behind the “partnership” between Japan and the US steel giant after claiming he was “completely against” Nippon Steel’s $14.9 billion bid for US rivals.

The president also claimed that the agreement ensured that US steel was under American control.

Trump framed the administration’s willingness to boost domestic steel production, not just “issues of dignity, prosperity, and pride, but more than anything else, national security.”

He accused Washington of “decrying decades of betrayal, incompetence, stupidity and corruption.”

“We don’t want the future of America to be built with Shanghai’s crude steel. We want to build it with the strength and pride of Pittsburgh,” he said.

In his remarks at a US steel factory, Trump also repeated many false claims that have been featured in his rally, including the lies that the 2020 election was stolen from him. He won the 2024 victory and gestured towards his ears, grazing by assassin bullets at a rally in Butler, Pennsylvania last year, saying it proved to be watching over him.

He also called on Congress to pass “one big and beautiful bill” and urged residents to support the bill with Republicans and Senators.

Taylor Swift has now moved his master recording back to the first six albums, taking control of the entire catalog for the first time. “Twenty years after hanging a carrot and then yanking, I stopped thinking that it could happen,” she wrote to fans. “But that’s all now. All the music I’ve ever made… belongs to me now.”

She originally lost her rights in 2019 when her first record label, Big Machine, sold to the Music Executive Scooter Braun. Swift described the sale to Braun as “the worst case scenario,” saying that she was not given the opportunity to buy her work entirely, but was given the opportunity to “earn” one album in a new album she recorded for the label. Her subsequent album after her 2019 lover was released in the Republic, with Swift retaining the rights to master recording.

Brown once managed Kanye West. Kanye West repeatedly targeted Swift after invading her acceptance speech, which was infamous at the 2009 VMA Awards. In November 2020, Brown sold the master recordings to private equity firm Shamrock Capital for $300 million in November.

In a letter to fans posted today, Swift said he bought her master, her videos, concert films, album art and photos, and unreleased songs from Shamrock. The Guardian understands that the rumors so far are inaccurately high that are swiftly between $600 million and $1 billion.

As was customary in the record deals at the time, Swift’s arrangement with Big Machine meant they owned her master recordings, so she didn’t own them at the time of sale. In her letter, she wrote:

“I am forever grateful to everyone at Shamrock Capital, the first people to offer this to me. The way they dealt with all the interactions we had was honest, fair and respectful.

Swift believed in the support of her fans that allowed her to buy back her music. “I have dedicated my life, but I can’t thank you enough for helping me reunite with this art I’ve never owned before.”

To regain control of her catalog after the original sale to Braun, and to focus on his investment, Swift set out on a project to rerecord all six albums, branding each “Taylor’s version” and adding a “Vault” track from the original songwriting session that was not the original album.

Between 2021 and 2023, Swift recertified her albums Fearless (released in 2008), Red (2012), Speak Now (2010) and 1989 (2014).

As a principal’s songwriter, she has the right to reconstruct the material and block the use of the original recording. Some re-registered songs debuted in film and television sync. Last week, from an unreleased re-recorded 2017 reputation, The New version of Look What You Made Me Do appeared in a new series of Handmade Stories.

Reputed since 2006 and Swift’s self-titled debut album is the only album that will not be re-recorded. For years, fans have bounced back at the colour of their outfits and what they perceived as a clue to her limited social media posts to speculate when they show up, and for years they have speculated about the potential for their release.

Swift has re-retrieved her master recording, so there is less reason to proceed with the re-recording.

“I know, I know. How about Rep TV?” she wrote, calling the record under the fan’s nickname. “Full transparency: I haven’t recertified a quarter of that. The album of reputation was very specific at that time in my life.

Reputation – Swift has been called “a gospunk moment of women’s rage of being a gut lit across social structures” – originated from a time when her public image fought after her feud with Kanye West and the accusations of exposure.

“All that rebellion, being understood while feeling intentionally misunderstood, its hopeless hope, its embarrassment and mischief. To be totally honest, these are the first six albums I’ve felt I couldn’t improve by starting it over again.

Swift told fans he might still hear unreleased reviews from the vault track, “If you’re interested in an idea.” She confirmed that she made her debut repeatedly. “I really love the sound right now. These two albums can have a moment when the time comes again when it’s right, even if you’re excited. But if that happens, it’s not from where I want to want.

Those who doubt what she will publish records or exist in them: the intrinsic redundancy of the project is unlikely to hinder its potentially vast commercial impact. Four previously released Recordings defeated Swift commercial and chart records. In the UK alone, 1989 (Taylor’s version) recorded a weekly stream and sales (184,000) higher than the original total of 90,000 total from 10 years ago.

Recordings had a series of new original recordings being performed. Swift has released four albums since 2020. Her blockade sisters documented folklore and Evermore (2020), as well as Midnights (2022) and The Tortured Poets Degiverty (2024).

Swift’s monumentally successful catalogue was exhibited on the ERAS tour, which traveled the world between 2023 and 2024, making it their first billion-dollar collection tour, and ultimately earning more than $2 billion in total. The show is divided into album-specific segments, updated when it was attacked by Europe in 2024 and included a new tortured poet section.

Swift concluded her letter by referring to industry-wide conversations about artist rights that her saga kicked off. Nowadays, it’s far more common to own a master than the 2006 teenage swift.

“Every time a new artist says they negotiated to own a master recording in their record contract for this fight, I remember how important it is for all this to happen. I am grateful for the interest in the broader discussion that was considered industry-centric.

Donald Trump declared that China “completely violated the agreement” with the US in trade just two weeks after the country reached the deal, raising concerns that the trade war would continue to rattle the global economy.

“I quickly traded with China to save them from what I thought would be in a very bad situation,” Trump wrote on Friday morning of the True Society. “Everyone was happy! That’s good news!!! The bad news is that China is completely violating our agreement with us for those who are probably not surprising.”

Trump’s post follows comments from Treasury Secretary Scott Bescent on Fox News that trade with China is “a bit stuck,” but he said there will be more discussions with Chinese officials in the coming weeks. The White House does not provide specific details regarding what trade talks have ceased.

The US stock market has become negative after the news. On Friday morning, the S&P fell by 0.1% and Nasdaq fell by 0.3%.

It’s been nearly four months since Trump first gave 10% tariffs on all Chinese imports in February. This is the beginning of a trade dispute that escalates in the spring. After raising interest rates to 20% in March, a complete trade war began when Trump imposed a 145% tariff on China, and China imposed a 125% tariff on American goods.

The armistice was announced on May 12th, with Trump reducing tariffs to 30% and China reducing US tariffs to 10%. The White House called the deal “historic” and said it would “set the path to future debate to open market access for American exports.”

But Trump’s post on Friday refers to the president’s continued instability amid the trade war.

Investors appeared to be somewhat reassuring that the U.S. International Trade Court Judges’ Committee has blocked most of Trump’s broader duties, including country-specific import duties, such as those placed in China. However, within 24 hours, the federal court of appeals suspended the ruling and allowed Trump to maintain tariffs.

It is unclear how legal whiplash will affect Trump’s trade negotiations with foreigners. The trade court agreed to the group suing the White House, claiming that the president inappropriately uses federal trade laws to implement tariffs, and that Trump should be required to obtain Congressional approval for his broader tariffs.