29.6 C
Delhi
Sunday, June 1, 2025

Trump to announce 25-pc steel and aluminum tariffs

Date:

Share post:

Donate-GC-Razorpay

Washington: U.S. President Donald Trump said on Sunday that he will announce new 25-percent tariffs on all steel and aluminum imports into the United States, with the official statement to be made on Monday.

Speaking to reporters on Air Force One, Trump also said he would announce “reciprocal tariffs” as soon as Tuesday to align with those of its trading partners.

During his first term, Trump imposed tariffs of 25 percent on steel and 10 percent on aluminum imports citing national security concerns but later allowed certain trading partners, including Canada, Mexico and Brazil, to receive duty-free quotas.

Under former President Joe Biden, the United States continued some tariff exemptions introduced under Trump and extended new quotas for the European Union, Britain and Japan.

On Feb. 1, Trump signed executive orders to impose 25-percent additional tariffs on imports from Canada and Mexico and a 10-percent tariff hike on imports from China, drawing widespread opposition and immediate retaliations.

He later paused the tariffs on Mexico and Canada for one month to allow negotiations.

Related articles

Foreigner detained near Army HQ in Shimla; Himachal youth arrested in separate case

Shimla/Dehra: Security agencies have heightened surveillance in Himachal Pradesh after two back-to-back incidents raised national security concerns —...

U.S. SC allows Trump administration ending humanitarian parole for 500,000-plus migrants

New York: U.S. Supreme Court on Friday lifted a federal district court order that kept humanitarian parole protections...

Israel warns Hamas to accept U.S. envoy’s Gaza ceasefire deal “or be destroyed”

Jerusalem: Israeli Defence Minister Israel Katz on Friday warned Hamas to accept the Gaza ceasefire deal proposed by...

Sudan receives 2.9 mln cholera vaccine doses amid surge in cases: Health Ministry

Khartoum: The Sudanese Ministry of Health announced on Friday that it has received over 2.9 million doses of...