Trump to announce 25% steel, aluminum tariffs Monday in latest trade escalation

'Reciprocal' tariffs on many countries to also be announced Tuesday or Wednesday

Trump during his first term imposed tariffs on steel and aluminum but later granted several trading partners duty-free quotas. © Reuters

February 10, 2025 07:15 JST

Updated on February 10, 2025 14:52 JST

ABOARD AIR FORCE ONE (Reuters) -- U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul.

Trump, speaking to reporters on Air Force One on his way to the NFL Super Bowl in New Orleans, said he will announce the new metals tariffs on Monday.