President Donald Trump says he'll announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.

Summary

Donald Trump announced that the U.S. will impose 25% tariffs on all steel and aluminum imports starting Monday, including from Canada and Mexico.

He also plans “reciprocal tariffs” on goods from countries imposing duties on U.S. products.

Markets reacted negatively, with stocks dropping over tariff concerns.

Trump previously paused tariffs on Canada and Mexico but imposed 10% duties on China.

  • @TommySoda
    97•1 day ago

    is that how you bring manufacturing back to the US? By making all the materials way more expensive?

    • @AreaKode
      38•1 day ago

      Yep. When you’re stuck paying more for the foreign metals, it forces the US suppliers to charge less. Right? 'Murica?