Trump announces big price increase on foreign metals

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President Trump announced plans to impose new 25 percent tariffs on steel and aluminum imports from all countries, including key trading partners Canada and Mexico.

Speaking to reporters while traveling on Air Force One, Trump stated, “Any steel coming into the United States is going to have a 25 percent tariff. Aluminum, too.”

The latest trade measure will significantly impact Canada, currently America’s largest supplier of aluminum and a major steel trading partner, along with Mexico, another crucial steel supplier to the U.S. market.

25% tariffs on ALL steel & aluminium imports from Monday — Trump

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‘Any steel coming into US is going to have 25% tariff’, Trump Says pic.twitter.com/pt7sOlW1MZ

— Dco Global News (@Dcoglobalnews) February 10, 2025

The president also revealed his intention to implement what he termed “reciprocal tariffs” in the coming days, likely Tuesday or Wednesday. These measures would match tariffs imposed by other nations on American goods.

“If they are charging us 130 percent and we’re charging them nothing, it’s not going to stay that way,” he told reporters.

While specifics about the new steel and aluminum duties and reciprocal tariffs remain undisclosed, this announcement follows Trump’s previous threat of 25 percent import taxes on all Canadian and Mexican goods, which he temporarily suspended for 30 days last week.

Recently, the administration moved forward with implementing 10 percent duties on Chinese imports. This latest announcement builds upon Trump’s first-term trade policies, which included 25 percent tariffs on steel and 10 percent on aluminum from Canada, Mexico, and the European Union.

🇨🇦🇺🇸 Trump Slapping 25 percent Tariff on Steel (Including Canada) And Again Mentions Annexing Canada: pic.twitter.com/SQJnORHfxV

— Starship Alves 🚀 (@StarshipAlves) February 10, 2025

Those earlier tariffs on Canadian and Mexican metals were eventually lifted through a negotiated agreement after approximately one year, though the European Union continued facing these duties until 2021.