Donald Trump Vows 25% Tariff on All Steel and Aluminium Imports if Re-Elected

Trump Vows 25% Tariff: Donald Trump has said he will announce new 25% tariffs on all steel and aluminum imports into the US on Monday that would affect “everybody’, including its largest trading partners Canada and Mexico, in another major escalation of his trade policy overhaul.

Trump’s pre-announcement came as China’s retaliatory tariffs, announced last week, came into effect. The measures target $14bn worth of products with a 15% tariff on coal and LNG, and 10% on crude oil, farm equipment and some vehicles.

“Any steel coming into the United States is going to have a 25 per cent tariff,” Trump told reporters aboard Air Force One while en route from Florida to New Orleans for the Super Bowl. He also confirmed that aluminum would be subject to similar trade penalties, saying, “aluminum, too.”

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The newly sworn in US President further emphasised plans to introduce “reciprocal tariffs” likely by Tuesday or Wednesday. This would mean imposing duties on foreign goods when other nations apply tariffs on US products.

“If they are charging us 130 per cent and we’re charging them nothing, it’s not going to stay that way,” Donald Trump said.

Trump, speaking to reporters Sunday on Air Force One, said the tariffs will apply to the metal imports from all countries. He didn’t specify when the duties would take effect.

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The president also said he would announce reciprocal tariffs later in the week on countries that tax US imports. Those tariffs will not go into effect the same day as the announcement, which could be Tuesday or Wednesday but soon after, Trump said.

The moves are Trump’s latest in a series of threatened tariffs on countries and specific sectors.

New steel tariffs could ripple through US energy businesses, from wind developers to oil drillers that are reliant on specialty grades not made in the US.

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