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

Biden’s Autopen Was A Mighty Big Sword

The autopen was used to sign Biden's name on pardons and EO, even when he was out of the country. Did he know what was signed? Did he authorize the signatures?

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.

News

Pentagon Taps 2 Firms That Partner With Ukraine to Make Drone Prototypes

Two Ukrainian companies will help manufacture prototype drones for the Pentagon, as the United States seeks to rapidly scale its unmanned capabilities.

Dismantling of Education Department Is Underway, Drawing Legal Challenges

Trump has yet to issue an EO to eliminate the Dept of Education or work with Congress to do it, but the process of dismantling it is well underway.

NASA’s Starliner Astronauts Welcome New Crew to Space Station

One day after blasting off from the Kennedy Space Center in Florida, the SpaceX Crew-10 capsule arrived at the International Space Station on March 16.

Sen. Lankford Sees New ‘Wild Card’ Role as Chance to Speed Up Senate

Sen. James Lankford is guiding colleagues as vice chair of the Senate Republican Conference informing media and the public about efforts of party’s senators.

Massive Storm Leaves at Least 33 Dead as US Hit by Tornadoes, Wildfires, Blinding Dust

Violent weather broke out across the central and southern US, sending tornadoes and high winds with storm killing at least 33 people as of March 16.

Judge Blocks Trump’s Efforts to Deport Gang Members Under 1798 Alien Enemies Act

Federal judge blocked Trump’s efforts to rapidly deport members of Venezuelan gang Tren de Aragua through use of the Alien Enemies Act of 1798.

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.
spot_img

Related Articles

Popular Categories

MAGA Business Central