Trump to announce 25% aluminum and steel tariffs in latest trade escalation Tariffs will come on top of existing metal duties and reciprocal tariffs will also come later in week, says president.
Donald Trump said on Sunday that he will announce on Monday new 25% tariffs on all steel and aluminum imports into the US, which would come on top of existing metals duties in another major escalation of his trade policy overhaul.
Also during his flight to New Orleans to watch the Super Bowl, Trump said the US may carry less debt than thought and said it could be because of fraud related to debt payments.
White House spokesperson Karoline Leavitt said that the new tariffs would come on top of the existing duties on steel and aluminum.
Trump during his first term imposed tariffs of 25% on steel and 10% on aluminum, but later granted several trading partners duty-free quotas, including Canada, Mexico and Brazil.
