Trump tariffs: world braces for market turbulence after new steel and aluminium tariff announcement – live updates Hello and welcome to our live coverage of the world’s response to Donald Trump’s announcement that he will soon impose new 25% tariffs on all steel and aluminium imports into the US.
The ministry said it was trying to learn the details of the potential tariffs, after Donald Trump said he would announce new 25% tariffs on all steel and aluminum imports into the U.S.
Trump, speaking to reporters on Air Force One on his way to the NFL Super Bowl in New Orleans on Sunday, said he would announce the new metals tariffs on Monday.
He also said he would announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to all countries and matching the tariff rates levied by each country.
The largest sources of US steel imports are Canada, Brazil and Mexico, followed by South Korea and Vietnam, according to government and American Iron and Steel Institute data.
