Donald Trump announces 25% steel and aluminum tariffs and declares 'Gulf of America Day' US President Donald Trump says he will introduce new 25% tariffs on all steel and aluminum imports into America, in another major escalation of his trade policy overhaul.
Trump also said that while the US government would allow Japan's Nippon Steel to invest in US Steel, it would not allow this to become a majority stake.
Yet on Friday, Trump said he would also delay the tariffs on the millions of small packages - often from fast-fashion firms such as Temu and Shein - until customs officials can work out ways to impose them.
Trump, speaking to reporters on Air Force One on his way to the NFL Super Bowl in New Orleans, said he will announce the new metals tariffs on Monday.
“Tariffs are going to make it very successful again, and I think it has good management,” Trump said of US Steel.
