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Trump To Announce 25% Tariffs on All Steel & Aluminum Imports
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The US President Donald Trump said he will announce on Monday (10th) that a 25% tariff will be added on all steel and aluminum imports, foreign media reported. The new tariffs will apply to imported metals from all countries, while the effective date has not been specified. He also said that corresponding tariffs will be imposed on countries that impose taxes on US imports, which will be announced later this week. It remains clear whether the new tariffs will also apply to Mexico and Canada, which are important suppliers of metals to the US. The full scale of Trump's tariff plans remains veiled, as he has also threatened to slap tariffs on other goods, including pharmaceuticals, oils and semiconductors, and is weighing import tariffs on the EU. AAStocks Financial News |
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