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President Donald Trump told reporters on Sunday that they would formally announce plans for the US to implement 25% tariffs on import steel and aluminum, first salvo in what could be the beginning of a trade war.
The president spoke on board Aviation power with reporters as he traveled to New Orleans to watch Super Bowl. Trump I need to watch the game together with a home speaker Mike Johnson And most Senata Beach John Barrasso.
Pleated Tariffs On steel and aluminum imports is a shot over the port of their two neighbors of northern American, Canada and Mexicowhich consists of two largest sources of American imports of steel. Other main trading partners include Brazil and South Korea.
“Any steel entering the United States will have a 25% tariff,” Trump told reporters, according to the associated press. He added: “Aluminum, too.”
Steel imports were affected by tariffs during the Trump’s first term. The initial order that implements 25% of the steel tariff and 10% of the tariff on aluminum was issued in March 2018. year, and it was expanded that the European Union, Canada and Mexico would be involved in June. Trump’s initial comments to journalists showed that this latest circle affected export nations throughout the committee, without any emergencies for neighbors of America who are already involved in the threats of tariff threats in a few weeks.
The president further explained to Sunday that they would announce additional tariffs in the coming days, this time aiming countries with existing duties on American exports.
“If they charge us 130%, and we don’t charge them, it won’t stay like that,” Trump said, according to the AP.
Trump ordered earlier that plans for tariffs at all imports from Canada and Mexico were late for a month, because he seeks to negotiate the IMMCA agreement signed during his first term.