When President Trump speaks of imposing tariffs on foreign steel, what does he mean?

Imposing tariffs on foreign steel generally means that the government will increase taxes on steel imports coming into the United States. Tariffs are designed to make imported goods more expensive in order to protect domestic industries from foreign competition. By increasing the cost of foreign steel through tariffs, domestic steel producers may benefit from reduced competition, potentially leading to an increase in their market share and prices. This action aligns with protectionist trade policies, which aim to support local economies and jobs by making it less attractive for consumers and businesses to purchase imported products.