U.S. President Donald Trump says he will add new 25% taxes (tariffs) on all steel and aluminium brought into America, on top of existing charges. This marks another big change in his trade policies.
Trump shared this news with reporters while flying to New Orleans for the NFL Super Bowl on Air Force One. He said he’ll officially announce these new metal tariffs on Monday.
He also plans to announce matching tariffs on Tuesday or Wednesday that will start almost straight away. These will apply to all countries and will match whatever tax rates other countries charge America.
“And very simply, it’s, if they charge us, we charge them,” Trump explained about the matching tariff plan.
Most of America’s steel comes from Canada, Brazil and Mexico, followed by South Korea and Vietnam, according to government and steel industry figures.
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Canada, which has plenty of hydroelectric power, is by far the biggest supplier of raw aluminium to America, providing 79% of what the U.S. bought from other countries in the first 11 months of 2024.
“Canadian steel and aluminium support key industries in the U.S. from defence, shipbuilding and auto,” Canadian Innovation Minister Francois-Philippe Champagne posted on X.
“We will continue to stand up for Canada, our workers, and our industries.”
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