President Trump announced plans to impose 25% tariffs on all steel and aluminum imports, including those from Canada and Mexico. He also stated that reciprocal tariffs would be announced later in the week, targeting products from countries imposing duties on U.S. goods. The news sparked concerns among global trading partners, with South Korea holding an emergency meeting to discuss the potential impact on its steel industry.
President Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum 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 aluminum, he responded, “aluminum, too” will be subject to the trade penalties.
Stock prices also dropped after a measure of consumer sentiment declined on Friday, largely because many respondents cited tariffs as a growing worry. The survey also found that Americans are expecting inflation to tick up in the coming months because of the duties. Trump on Sunday did not offer any details about the steel and aluminum duties, or the reciprocal tariffs.
TRADE TARIFFS STEEL ALUMINUM IMPORTS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Tariffs LIVE: President Will Impose 25% Tariffs on Mexico and Canada TomorrowPresident Donald Trump is planning to impose 25% tariffs on imports from Canada and Mexico starting tomorrow. Follow Newsweek's live blog for updates.
Read more »
Trump to Impose 25% Tariffs on Steel and Aluminum ImportsPresident Donald Trump announced plans to impose a 25% tariff on all steel and aluminum imports into the United States, citing the need to protect domestic industries. He also hinted at reciprocal tariffs in response to foreign trade practices. The tariffs are expected to raise production costs for various industries reliant on steel and aluminum.
Read more »
Trump to Impose 25% Tariffs on Steel and Aluminum ImportsFormer President Donald Trump announces new 25% tariffs on steel and aluminum imports, adding to existing duties. He also plans to implement reciprocal tariffs, matching rates imposed by other countries. The move escalates Trump's trade policy overhaul and aims to ensure 'even treatment' with other nations.
Read more »
Trump to Impose 25% Tariffs on Steel and Aluminum ImportsPresident Donald Trump announced plans to impose a 25% tariff on all steel and aluminum imports, targeting both allies and adversaries. This move is part of a broader strategy to protect American industries and address trade imbalances.
Read more »
Trump to Impose 25% Tariffs on Aluminum and Steel ImportsPresident Trump is set to announce new tariffs on aluminum and steel imports, harkening back to his 2018 trade policies. These tariffs, aimed at protecting American industries and jobs, are expected to face opposition from trading partners and economists.
Read more »
Trump to Impose 25% Tariffs on Steel and Aluminum ImportsPresident Donald Trump announced on Sunday that the United States will impose a 25% tariff on all steel and aluminum imports, including those from Canada and Mexico, as well as additional import duties later in the week. He also reaffirmed his intention to announce 'reciprocal tariffs' on goods from countries that levy duties on U.S. products.
Read more »