President Donald Trump said he would announce on Monday that the United States will impose 25% tariffs on all steel and aluminium imports, including from Canada and Mexico, as well as other import duties later in the week.
“Any steel coming into the United States is going to have a 25% tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminium, he responded, “aluminum, too,” will be subject to the trade penalties.
Trump also reaffirmed that he would announce “reciprocal tariffs” —“probably Tuesday or Wednesday” — meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.
“If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way,” he told reporters..