Trump to announce 25% steel and aluminum tariffs in latest trade escalation
US President Donald Trump said on Sunday, February 9, that he will announce on Monday new 25% tariffs on all steel and aluminum imports into the US, which would come on top of existing metals duties in another major escalation of his trade policy overhaul.
Trump, speaking to reporters on Air Force One, on his way to the NFL Super Bowl in New Orleans, also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately.
Trump during his first term imposed tariffs of 25% on steel and 10% on aluminum, but later granted several trading partners duty-free quotas, including Canada, Mexico and Brazil.
US NETWORK POOL / REUTERS VIDEO
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