President Trump announced a 25% tariff on all imported steel and aluminum.
President Trump announced plans to impose a 25% tariff on all steel and aluminum imports, effective immediately, with further details forthcoming on Monday. He stated that the tariff would apply to all steel imports, and confirmed that aluminum imports would also face the same levy. This new tariff will be in addition to existing metal import duties.
“Any steel coming into the US is going to have a 25% tariff,” he declared, emphasizing that this would affect “everybody.”
The United States is a major consumer and importer of steel, with its largest sources including Canada, Brazil, and Mexico, followed by South Korea and Vietnam. Canada is also the largest supplier of US aluminum. During his first term, Trump previously imposed 25% tariffs on steel and 10% on aluminum, later granting exemptions to some countries.
Canada has strongly criticized Trump’s announcement, with Ontario Premier Doug Ford denouncing the move as creating “shifting goalposts and constant chaos,” and jeopardizing Canada’s economy.
Since his inauguration, Trump has implemented numerous tariffs, including a 25% levy on imports from Mexico and Canada, and a 10% levy on imports from China, citing immigration and drug trafficking concerns. These tariffs were temporarily suspended for 30 days while border security measures were discussed. He also recently halted part of his tariffs on China, maintaining duty-free status for small packages.
Trump warned of further widespread tariff increases, reiterating his commitment to “reciprocal tariffs” matching those imposed by other nations on US goods.
“If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way,” he said, indicating that more details would be released around Tuesday or Wednesday, with the new tariffs to be implemented swiftly.