Donald Trump aboard Air Force One, February 9, 2025. REUTERS/Kevin Lamarque
Donald Trump aboard Air Force One, February 9, 2025. REUTERS/Kevin Lamarque
U.S. President Donald Trump speaks to reporters before signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl, February 9, 2025. REUTERS/Kevin Lamarque
U.S. President Donald Trump speaks to reporters before signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl, February 9, 2025. REUTERS/Kevin Lamarque

Trump says he will announce 25% steel and aluminum tariffs on Monday

February 9th, 2025 | 21:40 PM MARKETS Commodities 1

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By Jeff Mason

U.S. President Donald Trump said on Sunday that he will announce on Monday 25% tariffs on all steel and aluminum imports into the U.S., another major escalation in his trade policy overhaul.

Trump, speaking to reporters on Air Force One, also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately.

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, the EU and UK.

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