Trump says he will announce 25% steel and aluminum tariffs Monday, and more import duties are coming

[Guno צְבִי]

WASHINGTON (AP) -- President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.

“Any steel coming into the United States is going to have a 25% tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he responded, “aluminum, too” will be subject to the trade penalties.

Trump says he will announce 25% steel and aluminum tariffs Monday, and more import duties are coming

WASHINGTON (AP) -- President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.

www.wral.com

 

[Diogenes]

OK. Let's see if he needs to by Monday evening.

 

[Hawkeye10]

Trump thinks that we will go back to making it in America, but I tend to doubt it. Washington State aluminum for sure is not coming back as we remove hydro converting to intermittent electricity generation.

 

[BartenderElite]

The market is just going to love this.

 

[Hawkeye10]

I just saw that the last steelworks in Briton, which has been owned by the Chinese since 2020 (they bought it in bankruptcy)....which is massively out of date because British Steel did not invest in upkeep/upgrades over decades, is closing.

 

[Stone]

This is FANTASTIC NEWS! Excellent Job POTUS Trump!

 

[Stone]

The market is just going to love this.

Yes it is......a buying opportunity for the wise.

 

[Tbird19482]

DOW is already down over 150 points at 9.15 this morning
Over 300 points down at 9.30.