According to reports, President Donald Trump is planning to impose 25% tariffs on steel and aluminum imports starting on Monday, February 10.
“Any steel coming into the United States is going to have a 25 percent tariff,” Trump told reporters on Air Force One, as he flew to New Orleans to attend the Super Bowl.
Who questioned about aluminum, Trump said that it will also be subject to trade tariffs.
President Trump says he'll announce on Monday that the United States will impose 25% tariffs on all steel and aluminium imports, including from Canada and Mexico. pic.twitter.com/SSlB9NP5RT
— Newsweek (@Newsweek) February 10, 2025
Epoch Times reports:
White House spokeswoman Karoline Leavitt said that the new tariffs would come on top of the existing duties on steel and aluminum.
Trump also told reporters that he would soon announce “reciprocal tariffs” on Feb. 11 or Feb. 12, meaning that the United States could impose duties on products from countries that have placed tariffs on U.S. goods.
“If they are charging us 130 percent and we’re charging them nothing, it’s not going to stay that way,” he told reporters.
On Feb. 7, Trump elaborated on the reciprocal tariffs during comments at the White House alongside Japanese Prime Minister Shigeru Ishiba.
“Where a country … charges us so much, and we do the same,” the president declared. “I think that’s the only fair way to do it. That way, nobody’s hurt.”
During his campaign, Trump explained that he would use tariffs to help abolish the income tax. Hopefully that still goes in our favor. I don’t know about you, but I would love to stop having my income taxed on top of already paying taxes no the goods I buy and property I own.