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Trump to announce 25% steel, aluminum tariffs on Monday


President Donald Trump He plans to announce 25% of the headquarters of all -import aluminum and steel in the United States earlier this week.

Trump, who told reporters about his plans on Sunday afternoon, will announce new tariffs on the import of steel and aluminum on Monday. Trump also plans to publish “reciprocal tariffs” – or tariffs aimed at countries imposed on US exports – on Tuesday or Wednesday.

The latest tariffs echo 25% of steel tariffs and 10% of aluminum tariffs imposed by its first administration in 2018. At the time, he was now the biggest importer of steel, while China was the largest exporter of steel.

Also, now they are still one of the largest importers of aluminum, along with Germany and China.

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President Donald Trump said he would announce 25% of tariffs on all imports of aluminum and steel on Monday. (Chip Somodeville/Pool/AFP via Getty Images/Getty Images)

February 1 Trump presented the Law on International Emergency Powers (IEEPHA), which include 25% of tariffs about imports from Canada and Mexico and 10% of imports from import from China. The tariffs received mixed consumer reactions and the negative return of foreign leaders, including Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum.

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“We have to protect Americans and it is my duty of the President to ensure the safety of all,” Trump wrote in the social place of truth on February 1. “I promised in my campaign to stop the flood of illegal foreigners and drugs from the pouring of our borders, and the Americans mostly voted for it.”

In a White house The fact, officials said that the purpose of the IEEPA was to help stop “illegal immigration and stop poisonous fental and other drugs to enter our country.” Last week, the executive director of the largest steel manufacturer in the United States was approved by Ieep Tariff.

In a letter received by Fox News Digital, President Nucor Corp, President and CEO Leon J. Topalian wrote that he “applauds the first steps taken by President Trump in his first trade program of America.”

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Scott Bessent, Minister of Treasury, left, speaks during the Ceremony of the Sign Sign ORDER with President Donald Trump, Center, and the HWWARD LETTERE CEO CANTOR FITZGERALD LP and US Trgaire Secretary Candy (Chris Kleponis/CNP/Bloomberg via Getty Images/Getty Images)

“We are looking forward to working with President Trump on the implementation of our trade law and strengthening US production!” The statement was added.

Fox Business’ Emma Colton contributed to this report.



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