Trump Says He’ll Impose 25 Percent Tariffs on Steel and Aluminum on Monday

The Epoch Times Header

‘Any steel coming into the United States is going to have a 25 percent tariff,’ the president says.

President Donald Trump said he plans to impose 25 percent tariffs on steel and aluminum imports on Feb. 10.

“Any steel coming into the United States is going to have a 25 percent tariff,” he told reporters on Feb. 9 on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he told reporters that it will also be subject to the trade penalties.

White House spokeswoman Karoline Leavitt said that the new tariffs would come on top of the existing duties on steel and aluminum.

Trump also told reporters that he would soon announce “reciprocal tariffs” on Feb. 11 or Feb. 12, meaning that the United States could impose duties on products from countries that have placed tariffs on U.S. goods.

“If they are charging us 130 percent and we’re charging them nothing, it’s not going to stay that way,” he told reporters.

On Feb. 7, Trump elaborated on the reciprocal tariffs during comments at the White House alongside Japanese Prime Minister Shigeru Ishiba.

“Where a country … charges us so much, and we do the same,” he said. “I think that’s the only fair way to do it. That way, nobody’s hurt.”

According to the U.S. Department of Commerce, the European Union levies as much as 50 percent tariffs on motorcycles and 10 percent on automobiles, while India places 60 percent duties on U.S. cars and hefty tariffs on agricultural products.

During the campaign, Trump often said that he would place tariffs on a variety of goods and countries, sometimes even suggesting that the United States could abolish the income tax in favor of tariffs.

Earlier this month, he warned that he would place a 25 percent tariff on goods from Canada and Mexico, along with a 10 percent tariff on Chinese goods, if those countries did not curb illegal immigration or fentanyl production and trafficking into the country. Ultimately, he pushed back the Canada and Mexico tariffs by a month after the leaders of the two countries agreed to strengthen their border security.

By Jack Phillips

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Columns

I Refuse To Be A Serf

“How are people not furious about property taxes?” President Trump...

Putting it to rest

As the nation hits its taxation stride on its way to April 15th and DOGE continues to reveal waste and fraud, a review of the nation’s finances is overdue.

Lefty Activist Judges are Obstructing Trump’s Presidency

Activist judge’s ruling to block President Donald Trump from being able to execute his Constitutional Article 2 Powers pose a real “Constitutional crisis”.

France’s Next Quarterly Nuclear Drills Might Become Prestige-Building Exercises With Poland

Europe wonders what form Macron’s plans to extend his nuclear umbrella over the continent could take, considering risks entailed after Moscow’s negative reaction.

RFK Jr. Nukes HHS ‘Research’ Grants Designed to Stamp Out ‘Vaccine Hesitancy’

RFK Jr. must be waiting to get data firmly on his side before yanking COVID shots off the market and delivering pharmaceutical criminals to the DOJ.

News

US to Pay El Salvador $6 Million to Imprison 300 Illegal Immigrant Gang Members for a Year

Trump admin is set to pay El Salvador $6 million to hold 300 members of Venezuelan Tren de Aragua gang and 2 alleged members of MS-13 in prison for a year.

DOJ Investigates Columbia University for Potential Terrorism Offenses

A separate Homeland Security probe is looking into whether...

Voice of America Cuts Contracts With AP, Reuters, and AFP

Voice of America, under leadership appointed by Trump, is terminating contracts with The Associated Press, Reuters, and Agence France-Presse.

Retirees Must Make Obligated Withdrawals From IRAs, 401(k) Accounts by April 1: IRS

IRS issued alert reminding retirees that some of them are obligated to withdraw money from their retirement accounts by beginning of next month.

Johns Hopkins University Laying Off Over 2,000 Workers After Federal Funding Cut

Johns Hopkins University will lay off over 2,000 workers worldwide following Trump admin’s termination of $800 million in federal funding for institution.

American Airlines Plane Catches Fire at Denver Airport, Forces Evacuation

Passengers were forced to evacuate from an American Airlines plane that caught fire on March 13 at Denver International Airport.

Columbia University Expels Some Students Involved in 2024 Hamilton Hall Takeover

Columbia University said its judicial board levied a range of sanctions against students who occupied the building while protesting the Israel-Hamas war.
spot_img

Related Articles

Popular Categories

MAGA Business Central