President Donald Trump announced Sunday that he will impose a 25% tariff on steel and aluminum imports, as well as reciprocal tariffs on 'every country' this week. Trump said he will formally announce the steel tariffs on Monday and the reciprocal tariffs on Tuesday or Wednesday, with both taking effect 'almost immediately'.
President Donald Trump said Sunday that he will announce reciprocal tariffs this week, as well as a 25% blanket tariff on steel and aluminum imports. 'Any steel coming into the United States is going to have a 25% tariff,' Trump told reporters on Air Force One, adding that the same tariff would be applied to aluminum. 'Aluminum, too,' Trump added, when a reporter asked him whether it would also be subject to tariffs.
The full impact of reciprocal tariffs is murky because individual countries have different import policies, which can also be complicated by their needs to comply with other economic partnerships, such as the European Union. But the tariffs could ultimately affect major U.S. trading partners like Canada, Mexico, China, the E.U. and Japan. Trump spoke to reporters on his flight on Air Force One to New Orleans, where he will watch the Super Bowl.
Tradewar Tariffs Steel Aluminum Reciprocity
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