President Trump To Announce Additional Tariffs

President Trump will announce 25% tariffs on all steel and aluminum imports on Monday.

“Any steel coming into the United States is going to have a 25% tariff,” he told reporters Sunday on Air Force One.

WATCH:

Here is the video footage of Trump announcing a 25% tariff on steel and aluminum coming into the US starting on Monday.

“Tariffs are gonna help and make it very successful.” pic.twitter.com/ozonbfcPNF

— Ron Smith (@Ronxyz00) February 9, 2025

From the Associated Press:

Trump also reaffirmed that he would announce “reciprocal tariffs” — “probably Tuesday or Wednesday” — meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.

“If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way,” he told reporters.

Trump’s comments are the latest example of his willingness to threaten, and in some cases to impose, import taxes. Tariffs are coming much earlier in his presidency than during his previous four years in the White House, when he prioritized tax cuts and deregulation. Trump has alternately said he sees import taxes as tools to force concessions on issues such as immigration, but also as a source of revenue to help close the government’s budget deficit.

ADVERTISEMENT

Trump: Will Announce 25% Tariffs On Steel, Aluminium Monday
– Steel and Aluminium Tariffs To Apply To All Countries
– Nippon Steel Can’t Have Majority Stake In US Steel

— LiveSquawk (@LiveSquawk) February 9, 2025

BREAKING: President Donald Trump said Sunday that he will announce on Monday new 25 percent tariffs on all steel and aluminum imports into the United States. pic.twitter.com/5OvhDYV6DB

— The Epoch Times (@EpochTimes) February 9, 2025

Per CNN:

Trump also said he planned to hold a separate news conference Tuesday or Wednesday to announce massive new reciprocal tariffs, which could match other countries’ tariffs on US goods dollar-for-dollar.

“Very simply, it’s if they charge us, we charge them,” Trump said.

He did not provide many details about how expansive the new tariffs would be or when they may go into effect. It’s not clear if the new steel and aluminum tariffs will be on top of the tariffs already in place on exports from countries like China.

Trump in 2018, during his previous administration, also announced 25% tariffs on steel and 10% tariffs on aluminum, although the following year he lifted them on Mexico and Canada.

Last week, Trump imposed a 10% tariff on all Chinese goods imported to the United States on top of all existing tariffs already in place on China. After those tariffs went into effect Tuesday, China quickly retaliated by placing tariffs on some chips and metals, and began investigating Google and the maker of the Calvin Klein and Tommy Hilfiger brands.

This is a Guest Post from our friends over at 100 Percent Fed Up.

View the original article here.