Trump to Announce 25% Tariff on Imported Steel and Aluminum, with Reciprocal Tariffs to Follow

Publicado: Feb 10, 2025 08:52
US President Donald Trump stated that he would announce a 25% tariff on all imported steel and aluminum on Monday. On Sunday local time, Trump said the tariffs would apply to metals imported from all countries. He did not specify when the tariffs would take effect. Trump also mentioned that he would announce reciprocal tariffs later this week on countries that impose tariffs on US imports. These tariffs would not take effect on the same day as the announcement but would be implemented soon. This marks Trump's latest move to threaten tariffs on certain countries and specific industries. The new steel tariffs could impact US energy companies, from wind developers to oil drillers, which rely on special grades not manufactured in the US. Some oil companies received exemptions from metal tariffs during Trump's first term.

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US President Donald Trump stated that he would announce a 25% tariff o - Shanghai Metals Market (SMM)