Trump imposes 25% tariffs on all aluminum and steel imports
On Monday, President Trump announced that all imports of steel and aluminum into the US would be subject to 25% tariffs.
Mr. Trump declared, “This is a big deal, the beginning of making America rich again,” while signing the tariff orders in the White House. The tariffs will apply to all imports of aluminum and steel from overseas, regardless of the country of origin.
Whether the tariffs would take effect on March 4 or March 12 was not clear.
Additionally, Mr. Trump stated that the administration is thinking about imposing more tariffs on cars, computer chips, and pharmaceuticals.
President Trump’s audacious measures end the widespread exploitation and evasion that have harmed American workers and strengthen the country’s steel and aluminum industries. The days of foreign countries manipulating our trade system are over thanks to these tariffs,” a senior administration official declared.
But European Union chief Ursula von der Leyen said Tuesday that, “Tariffs are taxes – bad for business, worse for consumers,” according to The Associated Press. “Unjustified tariffs on the EU will not go unanswered – they will trigger firm and proportionate countermeasures.
Germany Chancellor Olaf Scholz told Parliament that “if the U.S. leaves us no other choice, then the European Union will react united” but “ultimately, trade wars always cost both sides prosperity.” Germany has the EU’s largest economy.
Canadian steelmakers warned of “massive” disruption from the tariffs, Agence France-Presse reported, while Britain’s steel industry trade group called the tariff plan a “devastating blow.”
Over the weekend, speaking on Air Force One on the way to New Orleans to attend the 2025 Super Bowl, Mr. Trump said he would also announce “reciprocal tariffs” on Tuesday or Wednesday, which he said will go into effect immediately. This means that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.
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