Trump planning new tariffs on steel and aluminum imports – Washington Examiner
President Donald Trump announced plans to impose new tariffs on steel adn aluminum imports, possibly reaching 25%, along with reciprocal tariffs aimed at countries that tax U.S. imports. He stated that the proclamation would come early next week, even though specifics regarding the implementation date were not provided. Trump emphasized the benefits of these tariffs, which he believes will strengthen the U.S. economy. This decision follows previous tariff threats against Mexico and Canada, which led to a temporary pause in implementation as both countries agreed to cooperate with the U.S. on border security. A separate 10% tariff on Chinese products has already begun to take effect, although Trump has made adjustments to exempt certain lower-value imported goods.
Trump planning new tariffs on steel and aluminum imports
President Donald Trump indicated on Sunday that he plans to announce a new round of tariffs early this week that includes 25% tariffs on all imports of steel and aluminum and separate reciprocal tariffs.
The steel and aluminum tariffs will apply to all countries, while the other reciprocal tariffs will be on countries that tax U.S. imports. Trump said he would announce the metal tariffs on Monday, but did not specify when they would take effect. The president also said he would announce the reciprocal tariffs on Tuesday or Wednesday, and those would take effect “almost immediately.”
Trump unveiled his plan to reporters aboard Air Force One as he headed to the Super Bowl in New Orleans. In his comments, he defended the idea of more tariffs, which he has used as leverage throughout the first few weeks of his second term.
“Tariffs are going to help. Tariffs are going to make it very successful,” he said.
The new tariff plan follows a standoff with Mexico and Canada after Trump was set to impose 25% tariffs on all U.S. imports from the two countries. Hours before they were set to take effect, Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau committed to working with the Trump administration on border security, prompting a 30-day pause.
A separate 10% tariff announced at the same time on Chinese products imported into the U.S. did take effect, though Trump scaled it back slightly after restoring an exemption for products under $800 coming from the Asian country.
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