Donald Trump has announced that a 25% tariff on steel and aluminum will be unveiled on Monday, impacting all countries importing these materials into the United States.
“Any steel coming into the United States is going to have a 25 percent tariff—aluminum too,” Trump stated. “25 percent… for both.”
Beyond steel and aluminum, he hinted at broader trade measures, including tariffs on semiconductor chips, pharmaceuticals, and energy sectors. On reciprocal tariffs, Trump emphasized fairness.
“Very simply, if they charge us, we charge them,” he explained. “A reciprocal tariff where a country pays so much or charges us so much and we do the same… that’s the only fair way to do it.”
The reciprocal tariffs will be detailed in a press conference on Tuesday or Wednesday and will take effect “almost immediately.”
Trump’s hardline trade stance follows his 10% tariff on China imposed on February 1st. However, he granted Canada and Mexico a temporary one-month delay after discussions with their leaders.
Days ago, Trump stood by his decision to impose hefty tariffs on the U.S.’s biggest trading partners, admitting there could be “some pain” but insisting the measure was essential for the country.
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