Trump announces plans to implement 25% tariffs on steel, aluminum

In a recent statement, Trump informed reporters, “Any steel coming into the United States is going to have a 25 percent tariff — aluminum too.”

Trump announces plans to implement 25% tariffs on steel, aluminum
President Donald Trump announced that he will implement 25 percent tariffs on all imports of steel and aluminum on Monday, with details regarding reciprocal tariffs potentially revealed the following day.

“Any steel coming into the United States is going to have a 25 percent tariff — aluminum too,” Trump stated to reporters aboard Air Force One as he was en route to New Orleans for the Super Bowl.

The specifics on when these new duties will take effect were not disclosed. However, Trump noted that these tariffs would apply to all nations, including Canada and Mexico, which had previously been exempt from steel and aluminum tariffs under the U.S.-Mexico-Canada Agreement signed during his earlier administration.

“Why are we protecting another country,” Trump commented regarding Canada. “If we stop allowing them to make cars — through tariffs and other things: cars, trucks, etc., what they make — they’re not viable as a country.”

Currently, the U.S. has imposed 25 percent tariffs on steel and 10 percent tariffs on aluminum for many countries, a measure enacted by the first Trump administration in 2018 under Section 232 of the 1962 Trade Expansion Act. Several trading partners have negotiated to eliminate these duties.

Ontario Premier Doug Ford expressed concern on X Sunday evening, saying, “This is the next four years. Shifting goalposts and constant chaos, putting our economy at risk.”

Trump also mentioned plans to impose reciprocal tariffs on trading partners, aligning the duties with those set by other countries in the days ahead. These tariffs are expected to be announced on Tuesday or Wednesday, with implementation occurring “almost immediately.”

“If they are charging us 130 percent and we're charging them nothing. It's not going to stay that way,” Trump noted. “Every country will be reciprocal.”

He reaffirmed this plan on Friday, indicating that these new duties would replace a previously proposed across-the-board tariff on all imports, which had suggested a “baseline” tariff ranging from 10 to 20 percent.

Though the U.S. generally applies uniform tariffs for most nations, individual U.S. tariff rates differ according to the product. Some, like those for cars, are relatively low at 2.5 percent, while others, such as for clothing and shoes, typically carry higher rates.

Debra A Smith contributed to this report for TROIB News