Trump to announce 25% steel and aluminum tariffs in latest trade escalation
February 10, 2025
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1:27Now PlayingTrump to announce 25% steel and aluminum tariffs in latest trade escalation
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as posted by the channelPresident Trump will announce 25% tariffs on steel and aluminum imports later Monday, he revealed over the weekend. NY Post politics reporter Diana Glebova shares this story.
Trump, 78, also told reporters aboard Air Force One en route to New Orleans for Super Bowl LIX Sunday afternoon that he would announce reciprocal tariffs — in which the US will charge “every country” the same tariff rate they levy on America — on Tuesday or Wednesday.
“Very simply it’s, if they charge us, we charge them,” the president said of the reciprocal tariff plan.
“It won’t affect everybody, because there are some where we have similar tariffs, but the ones that are taking advantage of the United States, we’re going to have a reciprocity,” he went on.
The latest tariff threat could throw a wrench into negotiations with Canada and Mexico, after Trump agreed last week to pause a 25% tariff for 30 days in exchange for reinforcements to stop the flow of drugs and people across the northern and southern borders.
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#donaldtrump #tariffs #steel
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