Trump announces tariffs of 25% on steel and aluminum

President Trump announced that 25% tariffs will be imposed on all imports of aluminum and steel to the United States starting Monday.

“All steel coming into the United States will be subject to 25% tariffs,” Trump announced while aboard a flight to New Orleans to attend the Super Bowl. He then clarified to reporters on the presidential plane that these tariffs would also apply to aluminum.

These measures would significantly affect Canada, the primary supplier of steel and aluminum to the United States, as well as Brazil, Mexico, and South Korea.

During his first term, Donald Trump had already imposed 25% tariffs on steel and 10% on aluminum. He justified his decision by denouncing unfair competition from Asian and European countries.

Trump stated that he would announce “on Tuesday or Wednesday” the implementation of “reciprocal” tariffs. This strategy aims to impose taxes on foreign products in the same way that other countries tax American products.

“If they tax us at 130% and we don’t tax them, that will not stay the same […] They tax us, we tax them,” he added.

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