Trump plans reciprocal tariffs, to unveil 25% levy on steel, aluminium imports

United States President Donald Trump is going to announce new tariffs on Monday. Later this week, the US will impose 25% tariffs on all steel and aluminium imports, including from Canada and Mexico and other import duties as well.

According to an Associated Press (AP) report, Trump said that any steel coming to the US is going to have a 25% tariff while speaking to reporters. When asked about aluminium, he responded, “aluminium, too” will be subject to the trade penalties.

Trump also reiterated that he would announce “reciprocal tariffs” — likely on Tuesday or Wednesday — meaning the US would impose import duties on products from countries that placed tariffs on American goods. “If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way,” he was quoted by AP.