Home/News/Trump to announce 25% steel and aluminum tariffs in latest trade escalation

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

By Jeff Mason
February 10, 20259:10 AM GMT+7



ABOARD AIR FORCE ONE, Feb 9 (Reuters) - U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul.
Trump, speaking to reporters on Air Force One on his way to the NFL Super Bowl in New Orleans, said he will announce the new metals tariffs on Monday.
He also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to all countries and matching the tariff rates levied by each country.

"And very simply, it's, if they charge us, we charge them," Trump said of the reciprocal tariff plan.
The largest sources of U.S. steel imports are Canada, Brazil and Mexico, followed by South Korea and Vietnam, according to government and American Iron and Steel Institute data.

Source: Reuters

News

Please upgrade IE 8+, Download here
123movies